The European Commission is working on a way to provide Ukraine with around 1.5 billion euros in budget support per month next year, officials familiar with the discussion told POLITICO on Monday.
In May, the EU pledged €9 billion in so-called macro-financial assistance to Ukraine, but of this amount, only €6 billion received support from EU countries, and only €1 billion from euros has been disbursed to date. A discussion on how to provide the remaining 3 billion euros is ongoing.
“The provision of short-term macro-financial assistance relief to Ukraine has so far been ad hoc,” EU Budget Commissioner Johannes Hahn told a conference in Brussels today. today.
“Given the continued need for relief, a more structural solution could be considered for a higher degree of predictability, and I am working hard with [EU countries on a way] this allows us to have more structured, predictable and automated support at least for next year,” added Hahn.
Kyiv estimates its budget deficit will be around $3.5 billion a month next year, and the US has pledged to cover $1.5 billion a month, asking allies to do the same .
The Commission is discussing with EU Finance Ministries how support could be provided. The total figure, as well as the amount of grants or loans, is still under discussion, officials added. Proposals could arrive as early as next week, or before the conference on the reconstruction of Ukraine in Berlin on October 25, co-organized by the German presidency of the G7 and the Commission.