Scholz and Biden call on the US Congress to approve aid to Ukraine. During a visit to the White House on February 9, German Chancellor Olaf Scholz discussed further assistance to Ukraine with US President Joe Biden, and both leaders called on the US Congress to approv... #JoeBiden #MilitaryAidforUkraine #OlafScholz #SupportUkraine #UkraineFacility #USaidforUkraine #UScongress
Without help from the US, Ukraine will have to expand its borrowing: What else is foreseen in Ukraine’s Plan B? Ukraine is working on a plan to cover the budget deficit without US support. The plan includes three elements: expanding domestic bond sales, raising taxes, and cutting spending. It is to be proposed ... #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineEconomy #UkraineFacility
The European Parliament and the Council of the EU agree on a €50B Ukrainian fund. The new fund will combine EU budget support into a single instrument, providing Ukraine with broad, predictable, and flexible assistance for 2024-2027. The fund will consist of three components. The f... #EUfinancialAid #EuropeanIntegration #EuropeanParliament #UkraineFacility
EU leaders have supported €50B in Ukrainian aid over four years. On February 1, all 27 leaders of the EU member states politically endorsed the launch of the €50B Ukraine Facility for 2024-2027. Most of these funds will ensure Ukraine’s social and humanitaria... #EUfinancialAid #EUsummit #UkraineBudget2024 #UkraineFacility
Ukraine expects the first €4.5B from the new EU package in March; here is what the program provides. The European Parliament must approve the €50B Ukraine Facility program, previously approved by the European Council, during the plenary session scheduled for February 26-29, 2024. The first payment of... #EUfinancialAid #EUsummit #UkraineBudget2024 #UkraineFacility #VictorOrban
The EU has a compromise solution to allocate €50B for Ukraine. EU leaders will agree to the terms of Hungarian Prime Minister Orban, who insists on an annual review of financial assistance to Ukraine as part of a four-year, €50B package. Budapest wants not only a... #EUfinancialAid #HungaryVeto #SupportUkraine #UkraineFacility #VictorOrban
The lack of EU and US financial aid puts Ukraine’s economy at risk. Without €50B in aid from the EU and additional funding from the US, Ukraine will not be able to keep fighting against Russia or sustain its damaged economy for long. “This is critical for us bec... #DanyloHetmantsev #financialaidforUkraine #MariaRepko #UkraineEconomy #UkraineFacility
The EU might hinder Hungary’s economy if it blocks aid to Ukraine. According to an internal EU document, Brussels will collapse the exchange rate of the Hungarian forint and reduce Hungary’s investment attractiveness, harming the “jobs and growth” o... #Hungary #HungaryEconomy #JanosBoka #UkraineFacility #VictorOrban
All EU members have already agreed on the provision of €50B to Ukraine. Prime Minister of Ukraine Denys Shmyhal said that all 27 EU member states agreed to support the four-year €50B Ukraine Facility program and will approve it on February 1. If nothing changes, this year... #EdgarsRinkevics #EUfinancialAid #OlenaShulyak #UkraineBudget2024 #UkraineEconomy #UkraineFacility
Slovakia will support the €50B allocation and allow private companies to supply arms to Ukraine. The Prime Ministers of Ukraine and Slovakia, Denys Shmyhal and Robert Fico, reached an agreement on several issues, including the EU’s allocation of €50B to Ukraine. Moreover, the parties agreed... #DenysShmyhal #RobertFico #SlovakiaAidforUkraine #SlovakiaUkraine #UkraineFacility
The EU is preparing a large-scale support package for Ukraine with money and weapons to coincide with the second anniversary of the Russian invasion. According to FT, the long-awaited agreement to allocate €50B to Kyiv over four years, part of which may be paid out as soon as the deal is concluded, has been reached. €5B in annual military aid and t... #EuropeanPeaceFund #RussianAluminum #SanctionsAgainstRussia #SupportUkraine #UkraineFacility
The EU promises a harsh response to Hungary’s veto on Ukrainian aid. European Union leaders are poised to take a stricter stance on Hungary if Prime Minister Viktor Orbán blocks a €50B aid package for Ukraine at a summit on February 1. The EU member states are ready to... #HungaryVeto #RobertFico #UkraineFacility #VictorOrban
A Ukrainian diplomat names three options for bypassing Hungary’s veto on €50B in aid. At the EU summit on February 1, Hungary can again veto the provision of €50B to Ukraine for 2024-2027 under the Ukraine Facility program. Approval of this program is Plan A. But there are at least two... #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban #VsevolodChentsov
After European Council pressure on Hungary, Orban agrees to unlock €50B for Ukraine, but Slovakia is now against the move. After the announced consideration of a resolution on the deprivation of the right to vote in the Council of the EU, Hungary declared that it is ready to give in and unblock funding for Ukraine. Accord... #EUfinancialAid #HungaryVeto #RobertFico #UkraineFacility #VictorOrban
Ukraine is launching the Ukraine Development Fund and anticipates $30B in investment over four years through the Ukraine Facility. At the World Economic Forum in Davos, Minister of Economy Yuliya Svyridenko reported that work is underway on the Ukraine Development Fund and other instruments for attracting investment. “In 2023, th... #Davos2024 #InsuranceUkraine #InvestmentsinUkraine #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
Orban has achieved concessions from the EU, which seeks to unlock €50B for Ukraine. The European Commission is ready to accept some of Hungary’s demands in order to overcome its veto of a €50B support package for Ukraine. In particular, the EC is prepared to grant Budapest the ... #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban
The EU is close to approving €50B in financial aid to Ukraine, and the money may arrive in the first quarter. EU ambassadors approved a “partial negotiating mandate” for a proposal to create a single specialized instrument to support Ukraine’s recovery, reconstruction, and modernization whil... #EUbudget #EUfinancialAid #HungaryVeto #UkraineFacility
Hungary put forward a condition for lifting its veto on €50B aid to Ukraine. According to Politico, Hungary has said that it could lift the veto on a €50B aid package from the European Union, provided the funding is reviewed every year. Budapest proposes that the European Coun... #EUbudget #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban
Even without unanimous agreement, the EC is working on a solution to provide €50B to Ukraine. EC President Ursula von der Leyen once again called for the speedy approval of the €50B, four-year Ukraine Facility aid plan within the medium-term review of the EU budget. The head of the European Co... #EuropeanCommission #EUsupportforUkraine #UkraineFacility #UrsulavonderLeyen
The government approves the EU’s €50B Ukraine Facility plan. The Ukrainian government has approved a draft of the Ukraine Facility plan, according to which Ukraine should receive a €50B package of support from the EU that will be delivered during 2024-2027, Pri... #DenysShmyhal #EUsummit #financialaidforUkraine #SupportUkraine #UkraineFacility
The EU is developing a €20B contingency plan to finance Ukraine in 2024. An alternative scheme has emerged that involves member states providing guarantees to the EU budget, which would allow the European Commission to borrow up to €20B on the capital markets for Kyiv next... #EUfinancialAid #financialaidforUkraine #HungaryVeto #SupportUkraine #UkraineFacility
The Minister of Finance summarized this year’s budget financing and outlined the prospects for the following years. In 2023, Ukraine attracted $42B through external financing just to cover budget needs and support a record amount of borrowing on the domestic market, Minister of Finance Serhiy Marchenko said. This a... #financialaidforUkraine #SerhiyMarchenko #UkraineBudget2024 #UkraineEconomy #UkraineFacility
The European Union should use a €80B rescue fund to help Ukraine. According to Bloomberg, the EU should access a little-used €80B rescue fund to support Ukraine’s war against Russia as the flow of money from both sides of the Atlantic threatens to dry up, according ... #OlliRehn #SupportUkraine #UkraineFacility #WarinUkraine
The EU has postponed the allocation of €50B for Ukraine until January 2024. The European Commission has proposed giving Ukraine €50B in financial aid through 2027. On December 14, EU leaders discussed this initiative at a summit in Brussels. Hungary vetoed the decision on the... #HungaryVeto #UkraineEU #UkraineFacility #UrsulavonderLeyen #VictorOrban
Hungary is ready to remove its veto from €50B in EU aid to Ukraine for a “favor” from the EC. Hungary is ready to lift its veto on the EU’s current €50B funding proposal for Ukraine if the EU unfreezes €30B earmarked for Budapest, which was blocked last year due to problems with the rule... #BalazsOrban #CharlesMichel #HungaryVeto #UkraineFacility #VictorOrban
There is a back-up plan: the EU is preparing extra-budgetary financing for Ukraine to bypass Hungary’s veto. EU diplomats are discussing technical proposals to attract emergency funding for Ukraine outside the bloc’s common budget if Hungary does not waive its veto on a four-year €50B support package t... #EUsupportforUkraine #HungaryVeto #JanosBoka #UkraineFacility #VictorOrban
The Fitch agency is convinced that international financial support for Ukraine will not weaken in 2024. International agency Fitch Ratings expects that international aid to Ukraine for 2024 will be only slightly lower than the amount forecasted for 2023, $43B, despite the political risks associated with... #DragonCapital #EFFprogram #financialaidforUkraine #FitchRatings #UkraineBudget #UkraineFacility
The new PM of Poland promises to unblock the border with Ukraine and announces the shifting of the Hungarian government toward Russia’s position. The new head of the Polish government, Donald Tusk, criticized the current government’s actions and said that he will immediately correct the problem of blocked cargo transportation at the borde... #BorderBlockade #DonaldTusk #SupportUkraine #UkraineFacility #VictorOrban
The EU does not have a back-up plan for opening negotiations on Ukraine’s membership, while Hungary is still against it. The EU has no plan B to commence membership negotiations with Ukraine. Still, there is hope that the decision on further funding will be adopted at the summit of the European Council on December 14-15... #AssociationwithEU #UkraineEU #UkraineFacility #VictorOrban
A European donor funds control service will operate in Ukraine. The European Anti-Fraud Coordination Service (AFCOS) will be deployed to monitor the use of money from international donors, said the head of the State Audit Service, Alla Basalayeva. “We will m... #AFCOS #FinancialAidAudits #OLAF #UkraineFacility
Receiving €50B in aid from the EU will entail an increase in energy tariffs. As the EP writes, Ukraine, within the framework of the Ukraine Facility program, must gradually transition to economically justified energy tariffs by the fourth quarter of 2025. “It is necessar... #EnergyEfficient #EnergyTariffs #OleksandrButenko #SerhiyMakogon #UkraineFacility
The Ukrainian government discussed a special investment mechanism within the four-year EU program to reduce financing risks in priority sectors. On December 4, the Ministry of Economy of Ukraine consulted with an EU delegation regarding Component II of the Ukraine Facility program for 2024-2027. Component II creates a special investment mechan... #InvestmentsinUkraine #MilitaryRiskInsurance #UkraineFacility #VolodymyrKuzyo
The EC insists on allocating €50B in aid to Ukraine and is waiting only for the EU Council’s decision. The European Commission is not revising its €50B proposal for macro-financial assistance to Ukraine as part of replenishing the EU budget for 2024-2027 and is waiting for the decision from the Council... #AriannaPodesta #EUsupportforUkraine #UkraineFacility #VictorOrban
EU budget disputes put Ukraine at risk of never receiving €50B in crucial aid. Disagreements within the EU regarding the budget have put the provision of €50B over four years to Ukraine at risk; this issue should be decided at the summit on December 14-15. According to the FT, E... #EUbudget #EUfinancialAid #financialaidforUkraine #SupportUkraine #UkraineFacility
The EU is looking for ways to bypass Budapest’s veto on aid to Ukraine. According to Politico, one of the most radical options is Article 7. The prescribed procedure is applied if a country violates the fundamental values of the EU. Hungary may lose the right to vote as a... #EUsupportforUkraine #HungaryVeto #UkraineFacility #VictorOrban
The EU is ready to allocate €50B to Ukraine, but Hungary opposes the aid. The European Commission’s proposal to provide Ukraine with €50B in loans and grants over the next four years is not contested by any of the EU countries, European Budget Commissioner Johannes Ha... #HungaryVeto #JohannesHahn #UkraineEU #UkraineFacility
The President of the European Council is optimistic about future EU decisions on Ukraine. Following the EU-Canada summit, Charles Michel said: “We support and will support Ukraine as long as necessary. From the EU side, we have already provided €83B to support Ukraine in various area... #AssociationwithEU #CharlesMichel #EuropeanIntegration #EUsupportforUkraine #UkraineFacility
What will happen if the EU refuses to increase 2024 support to Ukraine to €18B under the Ukraine Facility program: the parliament’s response. According to the Ukraine Facility plan, direct budget assistance from the total €50B over four years amounts to €39B. If that amount is divided into equal parts, you get €9.75B annually. This will no... #EUfinancialAid #RoksolanaPidlasa #UkraineBudget2024 #UkraineFacility
The EU has found a way to bypass Hungary’s veto of €50B for Ukraine. EU countries are considering an alternative plan to provide Ukraine with much-needed help in its fight against Russia if Hungary vetoes the current €50B funding proposal. According to Bloomberg, the p... #HungaryVeto #UkraineFacility #VictorOrban
Hungary will not be able to block the €50B aid package to Ukraine. As European Commissioner for Budget and Administration Johannes Hahn stated, Hungary is unlikely to be able to blackmail the EU now, as it needs funding itself. Hahn recalled that a year ago, the Euro... #EUprogramForUkraine #HungaryVeto #JohannesHahn #UkraineFacility #VictorOrban
Without international financial support, Ukraine will face a $29B budget deficit next year, and the EU will also suffer. The Ukrainian Minister of Finance, Serhiy Marchenko, emphasized the importance of maintaining macroeconomic stability because Ukraine may also face an economic crisis and additional military conflict.... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineBudget #UkraineBudgetDeficit #UkraineFacility
In Kyiv, The President of the European Commission discussed EU expansion, support for Ukraine, and Russian sanctions. President of Ukraine Volodymyr Zelenskyy met with Ursula von der Leyen during her visit to Ukraine. After talks with him, von der Leyen noted that Ukraine has made significant progress on its way to E... #EUexpansion #SanctionsAgainstRussia #UkraineEU #UkraineFacility #UrsulavonderLeyen #Zelenskyy
Ukraine takes another step towards receiving €50B from the EU. Prime Minister Denys Shmyhal said that Ukraine is submitting the preliminary draft plan for the Ukraine Facility program to the European Commission. He noted that the Ukraine Facility, or Ukraine Plan... #DenysShmyhal #ReformsinUkraine #UkraineFacility #UrsulavonderLeyen
To receive €50B in EU aid, Ukraine needs to consider environmental protection during reconstruction. The principles of the New European Bauhaus (a circular economy and green recovery) are included in the conditions for receiving funding from the EU, reported Head of Committee on Local Self-Government... #EnvironmentalPollution #OlenaShulyak #UkraineFacility #UkraineReconstruction #YounousOmarjee
Slovakia has put forward its conditions for Ukraine to receive €50B from the EU. Slovakia is ready to increase its contribution to the EU budget over the next four years by €400M so that Ukraine receives an aid package of €50B, with certain conditions. Slovak PM Robert Fico said t... #EUbudget #EUfinancialAid #RobertFico #SupportUkraine #UkraineFacility #UkraineRecovery
The government has presented the first details of the €50B Ukraine Plan from the EU. On October 26, the Ukrainian Parliament reported that most of the money from the plan, €39B, is directed to the Plan of Ukraine. Another €8B is Investment Fund, and €3B is for Technical and Administra... #EUprogramForUkraine #financialaidforUkraine #UkraineFacility
The upcoming EU summit will focus on further support for Ukraine. The President of the European Council, Charles Michel, has proposed further discussion to the EU leaders attending the upcoming summit in Brussels on October 26-27 regarding additional support for Ukr... #CharlesMichel #EUsummit #SupportUkraine #UkraineFacility
A preliminary version of the €50B Ukraine Plan will be presented in November. The Ministry of Economy plans to present the first draft of the Ukraine Plan at the beginning of November and prepare the final version for submission to the EU in December as part of the €50B, four-y... #financialaidforUkraine #SupportUkraine #UkraineEU #UkraineFacility
Ukraine and the EU held their third round of consultations on four-year, €50B funding. As reported by the Ministry of Economy, the key topics of discussion were public administration reform, green transition and environmental protection, digitalization, reform of the justice system, cor... #EUfinancialAid #EUprogramForUkraine #UkraineFacility #YuliyaSvyridenko
The European Parliament changed the four-year, €50B Ukrainian support plan to provide greater transparency. The European Parliament’s budget and foreign affairs committees overwhelmingly supported a proposal for a multi-year, €50B plan. One of the key demands from MEPs is the use of frozen Russian ass... #EUaidforUkraine #ReformsinUkraine #RussianAssets #UkraineFacility #UkraineRecovery
