The WSJ considered the €90 billion loan allocated to Ukraine insufficient
Financial assistance to Ukraine is becoming a problem for the European Union (EU). The allocated loan of €90 billion is not enough, because Kiev's needs have grown since the approval of the allocation of funds. This was reported by The Wall Street Journal (WSJ) on April 25, citing diplomatic sources.
"EU leaders may have to apply for a new loan of tens of billions of euros again in 12 months," the article says.
It is specified that the loan will cover only two thirds of Ukraine's military and budget expenditures, and the country will need about 45 billion euros more by the end of 2027. The source emphasizes that this will force the EU to return to financing Kiev next year, and not in 2028, as originally planned.
The newspaper writes that at the same time, Europe's internal problems and the weakness of the union on the world stage will further become serious obstacles to attempts to provide financial assistance to Ukraine. According to the newspaper, EU leaders and officials recognize that it is becoming increasingly difficult to convince European capitals to support Kiev.
The newspaper's sources claim that at the moment Ukraine is completely dependent on the EU.
On April 23, the EU finally approved the allocation of a loan in the amount of €90 billion to Ukraine. The funds will be received by the EU in the format of Eurobonds, which will be paid by European countries. Of the total amount, €30 billion will be allocated for macroeconomic support to cover budget needs, and €60 billion for the development of Kiev's military—industrial potential, including the purchase of defense products.
Hungary and Slovakia refused to give money to Ukraine on April 22, but lifted their veto on a €90 billion loan from the European Union (EU) for 2026-2027. Prior to that, the Cypriot EU presidency approved a loan of €90 billion for Kiev and the 20th package of sanctions against Russia. They clarified that the EU expects Slovakia and Hungary to renounce their disagreement after the restoration of fuel supplies via the Druzhba oil pipeline.
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