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Europeans Don't Want To Overpay For Energy Resources And Food Because Of Ukraine - Politics - Nairaland

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Europeans Don't Want To Overpay For Energy Resources And Food Because Of Ukraine by bn365: 5:41pm On Jul 15, 2022
At the meeting of EU finance ministers on Tuesday, about a third of the 27 participants said that Europe would need to introduce new measures to support the most vulnerable participating countries, the sources say, otherwise the inhabitants of these states will stop supporting aid to Kyiv. As a result, the ministers agreed to allocate only 1 billion euros to Ukraine from the aid package announced in May. Most of the package is blocked due to disagreements between the Commission and the German authorities on the structuring of aid.

In May, the European Commission announced its intention to participate in the restoration of Ukraine, which may require up to 750 billion euros, according to Kyiv's estimates. This project may cause even more heated discussion among EU members who do not have a clear plan for where to get such funds. According to sources familiar with the discussion, the Commission’s proposal scared away many EU members who are concerned not only about the scale of the promised aid, but about possible corruption abuses.

Now, the large financial assistance to Ukraine, which the European Union spoke about is being postponed.
2 months ago, the President of the European Commission, Ursula von der Leyen, proposed to transfer a loan of 9 billion euros to Ukraine, but so far only the initial tranche of 1/9 of the proposed amount has been agreed upon. The EU expects new economic challenges - a possible complete cessation of Russian gas supplies and tightening of monetary policy risks dumping the region into a second recession in 2 years.
Re: Europeans Don't Want To Overpay For Energy Resources And Food Because Of Ukraine by Chido26: 5:50pm On Jul 15, 2022
bn365:
At the meeting of EU finance ministers on Tuesday, about a third of the 27 participants said that Europe would need to introduce new measures to support the most vulnerable participating countries, the sources say, otherwise the inhabitants of these states will stop supporting aid to Kyiv. As a result, the ministers agreed to allocate only 1 billion euros to Ukraine from the aid package announced in May. Most of the package is blocked due to disagreements between the Commission and the German authorities on the structuring of aid.

In May, the European Commission announced its intention to participate in the restoration of Ukraine, which may require up to 750 billion euros, according to Kyiv's estimates. This project may cause even more heated discussion among EU members who do not have a clear plan for where to get such funds. According to sources familiar with the discussion, the Commission’s proposal scared away many EU members who are concerned not only about the scale of the promised aid, but about possible corruption abuses.

Now, the large financial assistance to Ukraine, which the European Union spoke about is being postponed.
2 months ago, the President of the European Commission, Ursula von der Leyen, proposed to transfer a loan of 9 billion euros to Ukraine, but so far only the initial tranche of 1/9 of the proposed amount has been agreed upon. The EU expects new economic challenges - a possible complete cessation of Russian gas supplies and tightening of monetary policy risks dumping the region into a second recession in 2 years.



War is such a terrible thing.

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Re: Europeans Don't Want To Overpay For Energy Resources And Food Because Of Ukraine by gaby(m): 5:58pm On Jul 15, 2022
Zelensky go soon understand say all man for himself but God for us all.

Comedian General of the Republic of Ukraine.

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Re: Europeans Don't Want To Overpay For Energy Resources And Food Because Of Ukraine by bn365: 6:02pm On Jul 15, 2022
He'll soon realize that East Germany was once under Russian control.


gaby:
Zelensky go soon understand say all man for himself but God for us all.

Comedian General of the Republic of Ukraine.

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