Business news from Ukraine


9 October , 2019  

Since 2015, Ukraine has received from the European Union, as well as from EU member states, about EUR 18 billion of assistance, which is many times higher than the amount of financial assistance provided to Kyiv by the United States in the form of loan guarantees in the amount of $1 billion, Special Adviser to the President of the European Commission on relations with Ukraine, former European Parliament deputy from Germany Elmar Brok said.
“The United States has given 1 billion on loan… The European Union has given 11 billion on loan in runs, another 3 billion has been given via international financial institutions [EUR], and alone Germany has given 1.4 billion [EUR]. So, let’s say altogether the European Union member states have given at least EUR 18 billion in the last five years. That is the real figures,” Brok said in an interview with Interfax-Ukraine, commenting on accusations against the EU and, in particular, Germany and France that they are not providing enough assistance to Ukraine which was voiced during a telephone conversation between the presidents of Ukraine and the United States, Volodymyr Zelensky and Donald Trump.
At the same time, the European politician emphasized that a substantial part of the EUR 18 billion provided to Ukraine by the European Union and its members are grants, while Washington does not provide anything to Kyiv for free.
Brok also recalled that in addition to the amount he mentioned, the European Union also provided other assistance to Ukraine, which is stated in the agreements between Kyiv and Brussels, such as the Association Agreement and the FTA and the visa-free regime between the parties.
“The United States has not given such agreements. Look, the EU gives twenty times more to Ukraine than the Americans,” the special adviser to the president of the European Commission said on relations with Ukraine.

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