When will the much-needed funds for Ukraine arrive and what is the reason for the delay? <\/p>\n
The European Commission has postponed the first tranche of a \u20ac90 billion loan for Ukraine.<\/p>\n<\/p>\n
As reported by RBC-Ukraine, this was stated by European Commission representative Paola Pinu during a briefing in response to journalists’ questions.<\/p>\n<\/p>\n
Also read:<\/strong> “Oxygen for the army”: Zelensky said what will happen with the \u20ac90 billion loan from the EU<\/p>\n When will the money arrive<\/p>\n Pinu assured that the EU is not backing out of the payment – but the timelines have shifted.<\/p>\n “We remain committed to the intention to make the first payment under this package during the second half of this year, and if I may remind you of the president’s words, she said that we will provide this loan one way or another,” the European Commission representative stated.<\/p>\n What has already been done<\/p>\n According to her, part of the preparatory work has already been completed:<\/p>\n What still needs to be signed<\/p>\n Despite the progress, the EU still needs to prepare three documents:<\/p>\n Pinu noted that work on all three documents is ongoing, and contacts with Ukrainian colleagues are being maintained constantly.<\/p>\n<\/p>\n It is important to remember that the victory of the leader of the “Tisa” party, Peter Madjar, in the Hungarian elections does not automatically mean the unblocking of the loan.<\/p>\n He stated that he is ready to discuss the issue with European leaders; however, the decision was effectively made back in December by the European Council – at that time, Hungary, Slovakia, and the Czech Republic were granted the right not to join the program.<\/p>\n As RBC-Ukraine reported, even if Budapest lifts its objections, the next in line is Bratislava – Slovakia and its Prime Minister Robert Fico have not changed their position.<\/p>\n Additionally, there is the usual bureaucratic red tape: the formation of a new Hungarian government will take time in itself.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" When will the much-needed funds arrive for Ukraine and what is the reason for the delay? The European Commission has postponed the first tranche of the 90 billion euro loan for Ukraine.<\/p>\n","protected":false},"author":1,"featured_media":69533,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"magazine_newspaper_sidebar_layout":"","footnotes":""},"categories":[58],"tags":[],"class_list":["post-69586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en"],"yoast_head":"\n\n
\n