As part of the bloc’s share in a larger loan that is planned from the G7 nations and is backed by frozen Russian central bank assets, the European Union agreed on Wednesday to provide Ukraine with up to 35 billion euros ($38 billion).
The G7 and EU announced in June that they would provide Ukraine with a $50 billion loan that would be serviced by profits from seized Russian assets in the West.
When Moscow’s invasion of Ukraine began in February 2022, these were frozen.
According to EU diplomats, Hungary did not present the proposal during envoy discussions, despite the European Commission’s proposal to increase the renewal period to three years from six months.
Regarding the EU’s budget, the loan proposal from the commission must also be approved by the European Parliament.
On October 22, EU parliamentarians are anticipated to vote on the package.
Bypassing Hungary’s refusal to extend the renewal period is made easier by the agreement.
Both Starmer and Zelenskyy have stated that the war with Russia is at a crossroads, and the leader of Ukraine wants the West to provide additional assistance in an effort to alter the balance on the battlefield.
Rutte confirmed that Zelenskyy brought up the topic of allowing Kyiv to use long-range missiles donated by its allies inside Russian territory during the meeting, and that Zelenskyy has pushed for this to happen.
“We examined it today, however eventually, it ultimately depends on the singular partners,” Rutte told journalists in Bringing down Road after the discussions.
“Ongoing discussion between the UK, Ukraine, and international partners about how we help Ukraine heading into the winter,” according to Starmer’s spokesperson.
“Obviously, we want to put Ukraine in the best position possible.” However, no single weapon has ever been able to win a war. The spokesperson added, “The UK government’s position on the use of long-range missiles has not changed specifically with regard to Storm Shadow.”
