Ursula von der Line, the director of the European Commission for Ukraine, stated that Ukraine needs “a predictable and secure income flow” for the future during a press conference held today, Friday, following a summit of European Union leaders.
According to Von der Line, the leaders considered giving Ukraine 1.5 billion euros (or 1.46 billion USD) per month beginning in 2019 “to provide sufficient resources for the fundamentals.”
It was unclear if this meant grants, loans, or some other types of financing.
The European Commission had proposed last May to provide 9 billion euros (8. 8 billion dollars) in the form of grants and loans to Ukraine for the continued work of its civil administration, but only a third of that amount has been disbursed so far, which led to the launch of calls to improve the way it gets Ukraine on aid.
A joint statement stated that the leaders of the European Union emphasized their support for Ukraine “as long as it is required” and denounced the actions of Russia, and also the involvement of Belarus and Iran in the war.
The union is prepared to impose more sanctions on Russia and Belarus, according to the statement.
Regarding geopolitical issues, trade, or the battle against climate change, the boss’s agenda focused on whether Beijing was seen as an adversary, a competitor, or a partner.
Charles Michel, president of the European Council, stated that while the European Union does not wish to “launch a deliberate confrontation” with China, the organization does not wish to act naively.
According to Von der Line, the close partnership deal that China reached with Russia before the Russian invasion of Ukraine and China’s objective to increase its “dominance in East Asia and its worldwide influence” will have an impact on how the European Union views China.
Shin Jinping, the president of China, “strengthens the road of tremendous confidence and self-reliance that China chooses,” continued Von der Line.
It reiterated its cautions to establish new dependability on Chinese raw resources and technologies.
A delegation of businesses will travel to China with German Chancellor Olaf Schults beginning in November.
The visit sparked criticism that Schultz is emitting a friendly message, at a time when tensions are escalating regarding Beijing’s support for Moscow and its hard -line stance towards Taiwan..
The allocation of 1.5 billion euros per month to Ukraine is being discussed by the European Union for the coming year.
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