Ukraine should receive EU financial assistance automatically – European Commissioner

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Ukraine should receive EU financial assistance automatically - European Commissioner

assistance is not episodic, but on an ongoing basis, says Johannes Hahn.

EU assistance to Ukraine is currently far from sufficient. The Ukrainian state needs at least 3 billion euros monthly. This was stated by European Commissioner for Budget and Administration Johannes Hahn during a conference on Monday, October 10.

“Ukraine needs from 3 to 3.5 billion euros monthly to support the functioning of the state,” a European official said.< /p>

He noted that the EU countries agreed to provide Ukraine with nine billion euros of macro-financial assistance to cover the state's current expenses.

In particular, one billion of this amount has already been provided. Further loans totaling five billion euros should be phased in from mid-October.

According to him, it is now necessary to consider how the EU can provide assistance to Ukraine not only episodically, but also on an automatic basis.

The restoration of Ukraine in the long term will require, according to the World bank, about 349 billion euros, said the European Commissioner.

Recall that the International Monetary Fund will provide Ukraine with an additional $1.3 billion.

In addition, Ukraine expects about $16 billion in international financial assistance by the end of the year.

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