https://sputnikglobe.com/20240206/european-council-chief-calls-on-us-to-unlock-60bln-for-ukraine-1116622309.html
European Council Chief Calls on US to Unlock $60Bln for Ukraine
European Council Chief Calls on US to Unlock $60Bln for Ukraine
Sputnik International
European Council President Charles Michel on Tuesday called on the US House of Representatives to unblock $60 billion in financing for Ukraine, following the council's February 1 agreement on long-term financing for Ukraine worth 50 billion euros ($53.7 billion)
2024-02-06T10:59+0000
2024-02-06T10:59+0000
2024-02-06T11:13+0000
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"This European Council decision [to set up the Ukraine Facility worth 50 billion euros] is a message to all of those who have faith in democratic values and freedom. Partners, this is a way of supporting Ukraine, supporting Ukrainians. I want to appeal to the United States House of Representatives to release the $60 billion necessary to guarantee the financial stability of Ukraine," Michel said at the European Parliament plenary session. On Monday, the US Senate introduced a bill combining the allocation of money for US border security, aid to Ukraine and Israel. The bill proposes to allocate a total of $118.28 billion, of which $60.06 will be sent to support Kiev. US President Joe Biden expressed his support for the bill and urged Congress to pass it as soon as possible.
https://sputnikglobe.com/20240205/burden-of-ukraine-funding-may-be-passed-onto-europe-1116606550.html
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European Council Chief Calls on US to Unlock $60Bln for Ukraine
10:59 GMT 06.02.2024 (Updated: 11:13 GMT 06.02.2024) MOSCOW (Sputnik) - European Council President Charles Michel on Tuesday called on the US House of Representatives to unblock $60 billion in financing for Ukraine, following the council's February 1 agreement on long-term financing for Ukraine worth 50 billion euros ($53.7 billion).
"This European Council decision [to set up the Ukraine Facility worth 50 billion euros] is a message to all of those who have faith in democratic values and freedom. Partners, this is a way of supporting Ukraine, supporting Ukrainians. I want to appeal to the United States House of Representatives to release the $60 billion necessary to guarantee the financial stability of Ukraine," Michel said at the European Parliament plenary session.
On Monday, the US Senate introduced a bill combining the allocation of money for US border security, aid to Ukraine and Israel. The bill proposes to
allocate a total of $118.28 billion, of which $60.06 will be sent to support Kiev. US President Joe Biden expressed his support for the bill and
urged Congress to pass it as soon as possible.
On February 1, EU leaders made a decision to create a fund to provide Ukraine with 50 billion euros in financial aid through 2027, but with a number of strict conditions. They also agreed to work out a mechanism and reporting system for approving the funding on an annual basis. However, the decision is subject to legislative approval and creating a practical mechanism for its implementation. Media reported that the first installment could be sent by March, with no clarity on specific dates.
