Germany promised an acceleration with the provision of 8 billion euros of EU macrofinance - Shmygal

Germany promised an acceleration with the provision of 8 billion euros of EU macrofinance - Shmygal

Germany will contribute to the rapid receipt by Ukraine of the next 8 billion euros of macrofinancing from the EU. This was stated during an online conversation between Ukrainian Prime Minister Denis Shmygal and German Finance Minister Christian Lindner, the government said.

 

"The Federal Republic of Germany supports the provision of macrofinancial assistance from the European Union to Ukraine," the government said.

 

The head of the Ukrainian government thanked Germany for its strong support for Ukraine, including 300 million euros of credit and 1 billion euros of grant aid, as well as for supporting the EU's first tranche of exceptional macrofinancial assistance of 1 billion euros.

 

"In spring, the European Commission decided to provide 9 billion euros of macrofinancial support. We have already received €1 billion and are expecting the next €8 billion. We hope for strong support of this decision on the part of partners, because such funds are critically necessary for us, "- said Prime Minister.

 

Christian Lindner, for his part, assured that "Germany will contribute to the rapid receipt of the next €8 billion of macrofinancial assistance to Ukraine from the EU and will take the lead in this process.

 

The Prime Minister and the Federal Minister also discussed the reconstruction of infrastructure and networks in Ukraine, as well as the purchase of gas for the autumn-winter period. In addition, Shmygal conveyed his gratitude to German Chancellor Olaf Scholz for the initiative to hold a G7 conference on the reconstruction of Ukraine in October.

 

Ukrainian Finance Minister Serhiy Marchenko was also present during the conversation.

 

Ukraine has already received the first tranche of the new EU macrofinancial assistance package - in the amount of 1 billion euros, in two installments of 500 million on August 1 and 2.

 

The Office of the President noted that, in particular, Germany is blocking consideration of the rest of the aid.

 

On August 5, the European Commission indicated that "technical work" was ongoing to provide the rest of the new macrofinancial assistance package to Ukraine.

 

After that, it was reported that the new draft proposal of the European Commission envisages the provision of financial assistance to Ukraine in the amount of 8 billion euros through a combination of grants and loans. And that the new draft proposal came after Germany refused to provide guarantees for loans of up to 9 billion euros to Ukraine. Berlin argued that grants were better suited to help Kiev, which is already heavily in debt, and pointed to its own grant of 1 billion euros. This stance prompted Italy and France, which also provided aid, to also raise the issue.





Germany will contribute to the rapid receipt by Ukraine of the next 8 billion euros of macrofinancing from the EU. This was stated during an online conversation between Ukrainian Prime Minister Denis Shmygal and German Finance Minister Christian Lindner, the government said.

 

"The Federal Republic of Germany supports the provision of macrofinancial assistance from the European Union to Ukraine," the government said.

 

The head of the Ukrainian government thanked Germany for its strong support for Ukraine, including 300 million euros of credit and 1 billion euros of grant aid, as well as for supporting the EU's first tranche of exceptional macrofinancial assistance of 1 billion euros.

 

"In spring, the European Commission decided to provide 9 billion euros of macrofinancial support. We have already received €1 billion and are expecting the next €8 billion. We hope for strong support of this decision on the part of partners, because such funds are critically necessary for us, "- said Prime Minister.

 

Christian Lindner, for his part, assured that "Germany will contribute to the rapid receipt of the next €8 billion of macrofinancial assistance to Ukraine from the EU and will take the lead in this process.

 

The Prime Minister and the Federal Minister also discussed the reconstruction of infrastructure and networks in Ukraine, as well as the purchase of gas for the autumn-winter period. In addition, Shmygal conveyed his gratitude to German Chancellor Olaf Scholz for the initiative to hold a G7 conference on the reconstruction of Ukraine in October.

 

Ukrainian Finance Minister Serhiy Marchenko was also present during the conversation.

 

Ukraine has already received the first tranche of the new EU macrofinancial assistance package - in the amount of 1 billion euros, in two installments of 500 million on August 1 and 2.

 

The Office of the President noted that, in particular, Germany is blocking consideration of the rest of the aid.

 

On August 5, the European Commission indicated that "technical work" was ongoing to provide the rest of the new macrofinancial assistance package to Ukraine.

 

After that, it was reported that the new draft proposal of the European Commission envisages the provision of financial assistance to Ukraine in the amount of 8 billion euros through a combination of grants and loans. And that the new draft proposal came after Germany refused to provide guarantees for loans of up to 9 billion euros to Ukraine. Berlin argued that grants were better suited to help Kiev, which is already heavily in debt, and pointed to its own grant of 1 billion euros. This stance prompted Italy and France, which also provided aid, to also raise the issue.