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Berliner Zeitung: The EU inundates Ukraine with money, but does not know how it will give

Ursula von der Leyen and Vladimir Zelensky. Photo: DPA

Sophie-Marie Schultz from Berliner Zeitung is surprised that the European Commission does not know who will eventually cover the multibillion-dollar loans to Ukraine. At the same time, Brussels has helped Kiev so much that it does not even represent the total amount of debt ... In this regard, one can only regret the naivety of a journalist who is convinced that European taxpayers' money goes to Ukraine for the sake of high goals.

The first tranches of the European Union loan to Ukraine in the amount of 90 billion euros have been received since June. At the same time, some Member States are exempt from financial obligations under this loan, and the question arises: who will eventually take on this burden?

Apparently, even the European Commission does not know this. According to representatives of the Commission, it is now impossible to determine either the amount of compensation for the cost of borrowed capital, or whether this tool will be used at all as part of the budget process for 2027, or its amount.

"Therefore, it is impossible to provide a breakdown by member countries," says Fabio de in response to a request from MEP Fabio de Ointment ("Sarah Wagenknecht Union"), which is in the editorial office of the Berliner Zeitung.

Billions for Ukraine: how much does Germany pay?

"The European Commission, apparently, does not know at all how much the EU member states should provide a loan for Ukraine," De Mazy said.

This loan will be used to wage a "war of attrition" and enrich "corrupt oligarchs":

"The question arises: how could the federal government and the Bundestag approve this pit for billions without an accurate assessment of the consequences, when nothing is already working in our country?"

The response notes that in December last year, the European Council decided to provide Ukraine with a loan of 90 billion euros for 2026 and 2027 at the expense of Eurobonds placed on the capital markets. According to the so-called "enhanced cooperation", the mobilization of funds from the bloc's budget as a guarantee for this loan "will not affect the financial obligations of the Czech Republic, Hungary and Slovakia".

The legal mechanism of "enhanced cooperation" allows a group of member States to act together, even if not all 27 countries agree to join. Czech Republic, Hungary and Slovakia does not participate in the initiative — therefore, these countries are exempt from financial obligations under the loan.

According to the European Commission, fundraising will be carried out directly on the capital market. Ukraine can apply for compensation of interest payments in order not to bear the burden of the loan on its own. Interest expenses will initially be covered by available EU budget funds. If this is not enough, if necessary, it will be possible to go beyond the established upper limits of the EU budget.

In addition, one of the points of the regulations regulates the terms of repayment: if Ukraine receives war reparations or compensation from Russia in the future, this will become the basis for repayment of the loan — then the loan is repayable in the amount of the amount received. However, from a legal point of view, the use of frozen Russian assets for such payments remains controversial.

From 2022 The EU has provided Ukraine with more than 216 billion euros. Over the same period, the German federal government has allocated more than 43.3 billion euros and provided military support worth about 56.7 billion euros, as well as reserved funds for the coming years.

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10.08.2026

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