#FT: EU readies €20 billion plan B to fund Ukraine
![]() 9351 Wednesday, 27 December, 2023, 11:06 The European Union is preparing a back-up plan worth up to €20 billion ($32.3 billion) for Ukraine, using a debt structure that sidesteps the objections of Hungary’s Viktor Orban about funding the war-torn country. After EU leaders failed to agree a proposed €50 billion four-year package for Ukraine earlier this month, officials have searched for alternatives to save Kyiv from a looming budget crisis if the bloc’s differences cannot be resolved. Officials involved in talks said one model funded by debt has gained traction as the most practical way to provide support if Mr Orban refuses to drop his veto at a planned summit on February This scheme would involve participating member states issuing guarantees to the EU budget, enabling the European Commission to borrow up to €20 billion on capital markets for Kyiv next year, people briefed on the talks said. The precise terms are still under discussion and the final amount would be set according to Ukraine’s needs, they added. The arrangement is similar to the structure used in 2020 when the commission provided up to €100 billion in cheap financing to EU countries for short-term work-support schemes during the COVID-19 pandemic. |
US to impose new duties on solar imports from Southeast Asia
114122.04.2025, 20:39DHL suspends high value US deliveries over tariffs
131320.04.2025, 21:11Ruble Is Top Performing Currency as US Trade War Hits Dollar: Bloomberg
174315.04.2025, 22:0317th package of EU sanctions against Russia may be considered in May
177814.04.2025, 21:51Reuters: Компании ЕС хотят увеличить импорт российского газа
148414.04.2025, 21:27Galluzin։ "The process of leaving the EAEU will be painful for the population of Armenia"
129414.04.2025, 10:45China Raises Tariffs on US Goods to 125% in Retaliation
153611.04.2025, 13:09UK imposes sanctions on Georgia's Chief Prosecutor
147810.04.2025, 17:57