EU reveals details on 90 billion ‘Ukraine Support Loan’

KievIndependent summarizes that “the EU’s executive body unveiled the breakdown of a 90 billion euros ($105 billion) financial lifeline to Ukraine, with the majority of the funds earmarked for defense as the war in Ukraine approaches its fifth year.

Sixty billion euros ($70 billion) is designated for military spending, with the remaining 30 billion euros ($35 billion) allocated to support Ukraine’s budget, European Commission president Ursula von der Leyen said during a press conference in Brussels on Jan 14.”

KievIndependent confirms the Selensky regime’s understanding for the EUR 90 billion:

This money will never be repaid by Kiev to the EU.

As agreed between the EU and Kiev, this money will only repaid in case of war reparations paid by Russia to Ukraine, KievIndependent’s opinion: “never”.

But the EU still blocks about EUR 300 billion of Russian sovereign assets. The EU considers this an opportunity to take these billions to pay for Ukraine’s loan as well as for other costs related to Ukraine – but this would be contrary to International Law and will result in Russia’s retaliation. Therefore, it is more likely that the EUR 90 billion are lost forever.

But the EU starts now to put up conditions for the payout of the EUR 90 billion. The amount is budgeted for two years only and shall cover 2/3 of the overall Ukrainian budget whereas Ukraine agreed to pay 1/3.

Not only that it is not reasonable to admit that Ukraine has this 1/3 of the budget. The military situation is worsening. Ukraine’s industrial and energy infrastructure is heavily damaged and the country is losing its population by rapid emigration to Europe. It is evident that Ukraine will not be able to pay for 1/3 of its budget … additional monies will have to be found in Europe.

As well, Europe is putting up conditions for the precise use: EUR 60 billion of the EU loan are destined to pay the war, to purchase weapons, but European politicians demand that weapons shall be purchased in Europe, not in the US. Already this restriction is calling for hefty opposition from Kiev: there shall not be a restriction on how and what to purchase. Knowing that the current purchasing channels are affected by corruption, of course, the corrupt Selensky regime will not agree to change its purchasing system – which even for the US was instransparent and a reason for the Trump Administration to stop financing Kiev’s purchasing practice.

Europe will feel it now what it means to deal with Kiev’s corruption.