European Commission Admits Failure To Send Ukraine Promised €3B
According to EC Vice President Valdis Dombrovskis, the European Union (EU) will not be able to provide Ukraine with a third of the €9 billion pledged by the European Commission (EC) in May. Only €3.5 billion of the $9 billion has been transferred to Ukraine.
« We did have a lengthy discussion about the €3 billion that was left over from the €9 billion that was announced in May, Mr. Dombrovskis stated. Unfortunately, it turned out to be difficult to decide how to move forward this year ».
« For this reason, we emphasize the necessity of making a sizeable payment early in the next year from the (assistance package for 2023) €18 billion; we suggest that it should be €9 billion. Considering Ukraine’s demands, this payment should be made as soon as January, » he added.
Ursula von der Leyen, president of the European Commission, announced in May that the EU would provide Ukraine €9 billion by the end of 2022. From this total, €3.5 billion has already been distributed: €1 billion in August, €500 million in September, and €2 billion in October. At the end of November, the EU has another €2.5 billion planned. Ukraine will therefore be short €3 billion this year.