The 27 countries of the European Union asked the G7 to “fulfill the commitment” to lend 45 billion euros to support Ukraine, made during a meeting held in June 2024.
Follow our live blog on the war in Ukraine here.
This Thursday, the European Council urged the group of the world’s seven largest economies (G7) to “fulfill the commitment” of a loan of 45 billion euros to support Ukraine and fulfill promises to have weapons.
According to the conclusions of this Thursday’s European Council, released this afternoon in Brussels, The 27 countries of the European Union (EU) called on the G7 (Canada, France, Germany, Japan, Italy, the United Kingdom and the United States of America; the EU is also represented in the group) to “honor the commitment” made during a meeting in June 2024.
The commitments in question are 45 billion euros ($50 billion) in loans that will allow Ukraine to continue facing the Russian invasion, which began almost three years ago.
Supporting the support that corresponds to the community block, Around 35 billion euros of the global amount are extraordinary income obtained from the frozen assets of the Central Bank of Russia.he.
This exceptional macro-financial assistance loan, together with possible country contributions, will be available until the end of 2024 and disbursed at the end of 2025through democratic and political commitments.
At the moment, the 27 countries of the political-economic bloc have around 200 billion euros in frozen assets of the Central Bank of Russia, following the sanctions imposed on them, and Brussels wants to use the income generated by these assets to cover part of the loan. of the G7.
In the conclusions released this Thursday, the The EU also wants countries that have pledged to make weapons available to Ukraine to keep that promise..
HE The EU still plans to launch a million artillery shells before the end of the year. The community bloc was unable to deliver these ammunition until the end of 2023 and extended it until December of this year.
The latest information available indicated that By mid-year, the countries had reached 500,000 munitions, but they arrived at the end of 2023 with 330,000. In other words, half a year later the EU only reached 170,000 more artillery shells.
The conclusions of this Thursday’s summit also included a paragraph reiterating that the transfer of military equipment and weapons and the limits on their use by Ukraine They must be carried out “in full respect of the security and defense policies” of the Member States that make them available, and “taking into account the interests” of the 27.
Ukraine has relied on financial and arms aid from its Western allies since Russia invaded the country on February 24, 2022.
kyiv’s allies have also enacted sanctions against key sectors of the Russian economy to try to diminish Moscow’s ability to finance the war effort in Ukraine.
Source: Observadora
