Lithuania calls for more money for Ukraine in EU budget review
Published on: Saturday 16 September 2023
The European Union should earmark more cash to support Ukraine in its revised long-term budget and top up the funds for EU military mobility, Lithuanian finance minister Gintare Skaiste said on Saturday. As part of a review of the EU's 2021-2027 budget, the European Commission in June proposed 50 billion euros in grants and loans for Ukraine to keep Kyiv financed as it fights off Russian aggression. This year, the EU will pay out 18 billion euros to Ukraine in highly concessional loans, but, if the proposed 50 billion total stays, Ukraine will only get 12.5 billion annually from 2024 to 2027.
