Strasbourg (France), October 22 (EFE).- The plenary session of the European Parliament on Tuesday supported a credit of up to 35 billion euros to Ukraine, which will be paid by kyiv with the profits of Russian assets not transferred by sanctions.
The European Parliament approved this macro-financial aid with 518 votes in favor, 56 against and 61 voting, which is part of the G7 initiative approved in June to up to 50 billion dollars (about 45 billion euros) to Ukraine to finance its military. needs and support its economy.
The Parliament recalled in a statement that the final amount submitted by the EU could be less than these 35 billion euros, depending on the contribution of other G7 partners to the loan.
“Russia will pay for the damage from the war in Ukraine. And they know that we have two main goals: the fight against freedom, on the one hand, and the certainty that Russia is going to pay for the damage caused by the attack against the -Ukraine,” said the European Commissioner for Justice, Didier Reynders, during today’s debate with MEPs before the vote.
The recently called Loan Cooperation Facility in Ukraine will bring future profits from the frozen funds of the Central Bank of Russia in the EU available to the country.
This money will help Ukraine pay back the loan from the EU and other G7 partners, explained the European Parliament, which specified that although the money from the mechanism will be used to to pay back support, that kyiv will be able to devote the loan money to anything. deemed appropriate.
The new macro-financial assistance money will be disbursed until the end of 2025 and the loan is subject to Ukraine’s commitment to maintain effective democratic mechanisms and respect for human rights, as well as conditions other political which must be set out in a memorandum.
The management and control systems described in the plan for Ukraine, as well as specific measures to prevent fraud and other irregularities, will apply to this loan, the Parliament said back.
The EU countries have already approved the proposal and, after the support of the European Parliament today, the Council of the EU intends to adopt the regulation that governs this loan through a procedure .
The text will enter into force on the day following its publication in the Official Journal of the EU.
In September, the Commission proposed an EU loan of 35 billion euros for Ukraine as part of the plan previously announced by the G7 partners to provide credits of up to 50 billion dollars (about 45 billion euros).
Profits from frozen Russian state funds would finance the loans.
About €210 billion of the Russian Central Bank is still in the EU and remains frozen as part of sanctions imposed for the invasion of Ukraine in February 2022.
The EU governments decided to keep the profits from these funds and use them to support Ukraine’s military and reconstruction efforts.
On the other hand, they failed to overcome Hungary’s veto to change from six months to three years the renewal period of the sanctions that will keep those Russian funds immobile, so that they can continue to take provide amazing benefits for a longer period of time. EFE
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2024-10-22 12:04:00
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