Ukraine needs more money than expected, says Czech minister

18 January, 12:00 PM
Zbyněk Stanjura (Photo:www.facebook.com/ZbynekStanjura)

Zbyněk Stanjura (Photo:www.facebook.com/ZbynekStanjura)

The European Union sent Ukraine the first EUR 3 billion of a EUR 18 billion loan package, but some EU member states already see that this amount will not be sufficient, the Euractiv television channel quoted Czech Finance Minister Zbyněk Stanjura as saying on Jan. 17.

“When you see today and every day the brutal attacks by the Russian army, the more and more damage they are doing to Ukraine’s infrastructure, but also to residential areas, I assume that the need for this money will be even higher than we thought in November or December,” he said.

According to Stanjura, support for Ukraine is a top priority for the Czech government.

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The Czech Republic negotiated the aid package for Ukraine during its Council of the EU Presidency in the second half of 2022. The only country actively blocking the support was Hungary.

In December 2022, the European Union approved a package of EUR 18 billion in macro financial assistance for Ukraine.

Ukraine and the EU signed a Memorandum of Understanding in regard to the provision of this funding that entered into force on Jan. 16, 2023.

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