Frozen russian assets and EU funds can combine

Ukraine continues to receive financial and political support from the EU. In particular, the arrested assets of the russian federation and European funds can combine to increase the efficiency of the recovery of the country.

Denis Shmyhal held a meeting with the EU Commissioner for Economy and Productivity Valdis Dombrovskis, who recently took up his new post.

When discussing the creation of a long-term mechanism for restoring Ukraine on the principle of the Marshall Plan, the Ukrainian side proposed to combine frozen Russian assets and EU funds.

This, as Shmyhal noted, will allow attracting European companies to rebuild the country on mutually beneficial terms.

Other issues of cooperation and economic support were also discussed during the meeting:

Financial assistance. The European Union confirmed the provision of macro-financial assistance to Ukraine in the amount of 18.1 billion euros as part of the G7 initiative to accelerate revenues. It is expected that the first tranche will be transferred in January 2025.

Ukraine Facility. Ukraine received 16 billion euros to stabilize the economy, support reforms and address urgent needs. This was made possible thanks to the EU financial mechanism.

Intergovernmental consultations. An agreement was reached on intergovernmental consultations with the EU in early 2025 to coordinate further cooperation in the economic, humanitarian and military spheres.

Shmyhal also thanked Dombrovskis for his personal contribution to the development of relations between Ukraine and the EU.

In addition, the Commissioner assured of further humanitarian, military and economic support to Ukraine from the EU.

Source: RBC-Ukraine