The finance ministers of the European Union (EU) on Friday (September 9) supported the rapid adoption of additional financial aid for Ukraine in the amount of 5 billion euros. TASR informs about it based on the press release of the ECOFIN Council.

At an informal meeting in Prague, EU finance ministers and central bank governors discussed the negative effects of Russian aggression against Ukraine on European economies and supported further financial assistance for Ukraine. Simultaneously with the meeting of energy ministers in Brussels, they also discussed the solution to high energy prices and their effects on state budgets.

After the July agreement regarding the provision of 1 billion euros, EU finance ministers in Prague agreed to speed up the next part of macro-financial assistance for Ukraine in the amount of 5 billion euros.

“The new loan of five billion euros will be used for the normal operation of the state and ensuring the operation of critical infrastructure in the country, such as offices, schools or hospitals,” said Czech Finance Minister Zbyněk Stanjura, who chaired the ECOFIN Council. “At the next ECOFIN negotiations, from the position of the presiding country, I will push for a quick agreement to provide the remaining three billion euros, in which we must also agree on the distribution of this amount into loans and grants.”


As part of the discussion on economic aid to Ukraine, the finance ministers also discussed the post-war reconstruction of Ukraine. “Russia is waging an economic war against us and its main goal is to divide society in EU countries and fragment European unity. Therefore, in addition to financial aid for the normal operation of Ukraine, it is appropriate to deal with its post-war reconstruction, which the sooner it starts, the faster the country will get back on its feet. We are not talking about unilateral pouring of money, but above all about enabling Czech and European companies to enter the Ukrainian market and participate in the restoration of the country through investmentwhich will undoubtedly bring a whole range of attractive business opportunities,” added Stanjura.

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