Von der Leyen discusses EU decision on €50 billion aid for Ukraine with Biden


Ursula von der Leyen and Joe Biden. Photo: Getty Images

On 1 February, European Commission President Ursula von der Leyen held a telephone conversation with US President Joe Biden after EU leaders approved a €50 billion macro-financial assistance package for Ukraine.

Source: Von der Leyen on Twitter (X), European Pravda reports 

Details: The European Commission president said that during a “good phone call” following the decision to allocate €50 billion, she and Biden had “agreed that Ukraine needs to continue receiving broad support from its partners”.

Advertisement:



“We will jointly stand at Ukraine’s side as long as it takes,” she concluded.

Background:

  • On Thursday EU leaders overcame Hungary’s long-standing opposition and reached an agreement on a €50 billion macro-financial assistance programme for Ukraine. The programme is designed to run for four years.
  • The summit’s conclusions state that Ukraine will be able to receive funds if it meets a number of preconditions. It also states that EU leaders will hold annual debates on the programme, and in two years they may propose a revision of the entire multi-year financial framework to the European Commission.

Support UP or become our patron!





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enable JavaScript in your browser to complete this form.
Address
Enable Notifications OK No thanks