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Kallas announces €1.5bn in monthly EU aid to Kiev from 2025

Kallas: EU to provide Ukraine with €1.5bn in aid per month from January
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Photo: TASS/EPA/MOHAMED ALI
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The European Union (EU) will provide €1.5bn in aid to Ukraine every month from the beginning of 2025. This was announced on Monday, December 16 by Kaja Kallas, deputy president of the European Commission (EC) and former prime minister of Estonia, upon her arrival at a meeting of EU foreign ministers.

"From January, we will provide €1.5 billion a month," TASS quoted Kallas as saying at a press conference following her first meeting of foreign ministers from the 27-nation community.

Earlier, on December 4, Ukraine signed a memorandum of understanding and a loan agreement with the European Union to attract €35 billion in aid to Kiev. It was specified that the funds are part of the initiative of the G7 countries on the mechanism of additional loans to increase revenues to the country's budget.

Before that, on 2 December, Ukrainian Defense Minister Rustem Umerov said that the Ukrainian government needed additional assistance from the West in the amount of over $11bn to support the military-industrial complex (MIC).

Western countries have stepped up military and financial support for Ukraine against the background of Russia's special operation to protect Donbas, which was announced by Russian President Vladimir Putin on 24 February 2022 after the situation in the region worsened due to shelling by the Ukrainian military.

Переведено сервисом «Яндекс Переводчик»

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