Ukrainian Prime Minister Denys Shmyhal revealed that the European Union (EU) has provided approximately €85 billion in financial, humanitarian, and military aid to Ukraine since the onset of the conflict.
The statement was made alongside Josep Borrell, the EU’s High Representative for Foreign Affairs and Security Policy, according to the Interfax-Ukraine news agency.
Shmyhal expressed Ukraine’s gratitude for the substantial support from the EU, stating, “We are grateful for the financial, humanitarian, and military assistance provided by the European Union to Ukraine since the beginning of the full-scale war, amounting to nearly €85 billion.”
Borrell highlighted the total value of aid extended by the EU since the start of the Russian aggression, which totals €88 billion, including €28 billion in military assistance.
He affirmed the EU’s ongoing commitment to providing military support to Ukraine amidst the continuing conflict.
This significant financial contribution underscores the EU’s steadfast support for Ukraine, reinforcing the union’s commitment to aiding in the country’s defense and recovery efforts during these challenging times.
The G7, a collective of the world’s leading industrialized nations, is contemplating a plan to utilize seized assets as security for bank loans aimed at funding Ukraine’s reconstruction post-conflict.
The idea is that these assets would be tapped into if Russia defaults on paying war damages. Amidst concerns that outright seizing of Moscow’s frozen assets could prompt retaliatory measures from Russia, such as cyberattacks on Western countries, the proposal is being carefully considered.
