The media predicted an excess of the EU debt of € 200 billion due to assistance to Ukraine
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- The media predicted an excess of the EU debt of € 200 billion due to assistance to Ukraine
The total debt of the European Union (EU) related to financing Ukraine may soon exceed €200 billion due to the need to provide additional assistance to Kiev. This was reported on November 8 by the German newspaper Welt am Sonntag, citing calculations based on data from the European Commission.
"In the absence of alternatives, the total debt of the EU related to assistance to Ukraine may soon exceed the €200 billion mark," the article says.
According to the newspaper, Brussels will probably need to allocate more than 40 billion euros to Ukraine. At the same time, the European Union has already sent 166 billion euros to Kiev. It is assumed that additional funds can be raised through joint loans from EU countries. Such a mechanism is considered as the most likely option for further financing of Ukraine.
As specified in the publication, the use of the principal amount of frozen Russian assets is still limited by legal obstacles. In this regard, the European Union may have to resort to debt financing again.
Politico reported on November 8 that NATO countries had missed about 7 billion euros of military aid planned for 2026 to Ukraine, while fatigue was growing among the largest donors. In July of this year, 32 NATO member states agreed to allocate €70 billion to Kiev in 2026 and a similar amount in 2027. The reasons for the shortage have not yet been clarified.
On October 9, El Pais newspaper learned that the EU continues to explore the possibility of creating a special mechanism for the seizure of frozen Russian assets and their subsequent transfer to Ukraine, which has already received loans worth $10.5 billion since the beginning of this year.
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