The European Union explains the delay of €8B in aid for Ukraine.

The delay in providing Ukraine with the second tranche of macro-financial assistance from the EU is due to the internal issues of the European Union, said EU Ambassador to Ukraine Matti Maasikas. These issues concern the EU’s credit portfolio and obligations. The EU states also discussed how they should provide guarantees for providing this loan to Ukraine and which member states should bear what percentage of the burden. According to Maasikas, the discussions are ongoing specifically because of the provision of more grants to Ukraine. “Macro-financial aid is essentially a very cheap loan. But it is still a loan. Therefore, there are also those in the EU who say that we should provide more aid in the form of grants. But I hope these discussions end soon,” said the ambassador.