The European Union has spent €17 billion on Ukraine, the most funds from the European Union have not been received by any other state, EU diplomat Josep Borrell said at the Munich Security Conference. Broadcast walked on the YouTube channel of the conference.
“There is no state on which the EU has spent more money than on Ukraine <...> We have been supporting it since 2014. <...> €17 billion is a lot. But it still has a long way to go for reforms,” Borrell said. He noted that the European Union will continue to strengthen ties with Ukraine to ensure further reforms in the country.
Borrell said that Russia has no desire to seize Ukraine
On February 11, the EU Council approved the provision of additional macro-financial assistance to Ukraine in the amount of €1.2 billion. The assistance is designed for 12 months and will consist of two tranches, the size of the first will be €600 million. “has a major economic impact” on the country.
The head of the European Commission, Ursula von der Leyen, said at the end of January that the EU would develop a funding program to support a plan to modernize the Ukrainian economy. It is planned to allocate another €120 million in the form of grants to Ukraine. In addition, according to the EU investment plan, more than €6 billion of investments are provided for Kiev. Von der Leyen, like Borrell, noted that Ukraine has already received more than €17 billion in aid from the EU.