European Commission wants to allocate 8 billion euros to Ukraine

The European Commission has developed a new proposal for the allocation of macrofinance assistance in the amount of 8 billion euros, Politico writes with reference to sources in the EU leadership.

According to this plan, Ukraine will receive 5 billion euros in the form of long -term loans under the guarantees of the European Union, and the rest of the money in the form of grants.

The commission counts on the approval of the European Parliament and EU countries in September so that payments can begin in October.

Previously, a new project had to be developed after Germany refused to provide guarantees to provide Ukraine with loans in the amount of up to 9 billion euros. In Berlin, they said that Ukraine has so big debts, so the money needs to be allocated in the form of grants – as Germany itself did.