"The first quarter may be difficult": the Rada spoke about the risk of delaying financial assistance from the West
Kyiv • UNN
Ukraine expects to receive financial assistance from the EU as part of the EU's multi-annual budget, and negotiations on the first tranche may be finalized at the EU summit in January.
Kyiv is convinced that Ukraine will receive financial assistance from the European Union, but officials are hesitant about when this will happen. This was stated by the head of the Budget Committee of the Verkhovna Rada Roksolana Pidlasa, UNN reports.
Details
It is noted that 26 EU member states have made a decision in principle to include Ukraine in the EU's 7-year multi-annual budget.
There are still 4 years left in the current budget cycle, so the assistance to Ukraine is designed for this period
In January, the summit of the heads of the EU member states is to take place, and they are expected to decide that Ukraine will become part of the EU's seven-year budget, and thus the Ukraine Facility program will be launched, for which we are preparing a reform plan. Ukraine will receive tranches of aid directly to the state budget after fulfilling the conditions of this plan
According to her, there is little doubt that this support package will be approved by the European Council.
The main question is when we will be able to receive the first tranche. We may have a rather difficult period in the first quarter, when funding from all international partners is not yet available, so we expect the EU to approve the issue of providing budget support to Ukraine as soon as possible. If this happens in January, it will be perfect for us
Addendum
The EU summit reached a decision in principle to establish a €50 billion multi-year funding facility for Ukraine, the Ukraine Facility. This was reported by the Ministry of Foreign Affairs of Ukraine and indicated that they expect all the necessary legal procedures to be completed in January 2024
Recall
Hungarian Prime Minister Viktor Orban announces that he has vetoed a multi-year, 50 billion euro aid package for Ukraine.
Political advisor to Hungarian Prime Minister Balázs Orban has warned that the decision to start negotiations on Ukraine's accession to the EU is only the beginning. Over the next few years, Kyiv will need to obtain about 70 unanimous EU decisions.
