Business news from Ukraine

German chancellor optimistic about EUR50 bln for Ukraine

German Chancellor Olaf Scholz is optimistic on the allocation of EUR50 billion for Ukraine, Reuters reports.

“We have other ways to help Ukraine, but we have not given up the goal of finding a solution here,” Scholz said.

German Chancellor and French President Emmanuel Macron hope that Ukraine will receive help from the EU.

As reported, an extraordinary meeting of the European Council, which is to decide on the revision of the EU budget, as well as on the continuation of EUR50bn funding for Ukraine until 2027, will be held at the end of January-February, but there is no specific date yet. At the same time, the European Commission intends to work on a contingency plan that will make it possible to do so.

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