A statement released this week by the European Commission (EC), after EU meetings with Ukrainian President Volodymyr Zelensky, outlined its intentions to support Ukraine on its path to EU membership, to pursue justice for Russian war crimes, and to provide “regular and predictable” financial assistance.
The statement estimated that European fiscal commitment would be €30.6 billion ($35.3 billion) in 2025.
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“The European Union remains committed, including as part of Ukraine’s path to EU accession, to supporting its repair, recovery and reconstruction, in coordination with international partners,” the EC said.
As part of that commitment, “the EU will continue to provide Ukraine with regular and predictable financial support in the long term,” the statement reads. “In 2025, the European Union will allocate €30.6 billion to Ukraine, of which €3.5 billion ($4.1 billion) has already been disbursed under the Ukraine Facility, and €7 billion ($8.2 billion) under the G7’s Enhanced Resilience and Assistance (ERA) initiative, funded by extraordinary revenues generated from frozen Russian assets.”
In the lead-up to the most recent G7 meeting in Canada, Zelensky told Western partners on May 28 that his country would need about $30 billion by the end of 2025 to boost domestic weapons production and otherwise hold off Russia’s advance.
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The current US administration, which has slashed foreign aid draconically in President Donald Trump’s first three months, has made it clear that it was shifting those kinds of responsibilities to Europe, and similarly passed such military commitments to Ukraine on to other NATO members.
Along those lines, the EC wrote: “All military support as well as security guarantees for Ukraine will be provided, in full respect of the security and defense policy of certain Member States.”
The EU voted in favor on Thursday to extend its 17th round of sanctions, governing frozen Russian assets and chasing down Moscow’s “shadow fleet” of sanction-busting oil tankers.
“Sanctions are an essential part of the EU’s policy to achieve this common objective,” the statement read. “The European Council welcomes the adoption of the 17th package of sanctions, targeting notably Russia’s energy and financial sector, including the ‘shadow fleet’ of oil tankers and their operators. The European Council calls for further measures against Russia’s shadow fleet, which is used by Russia to circumvent sanctions and poses significant environmental and security risks.”
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