On Wednesday 7 September, the European Commission put forward a new €5 billion macrofinancial assistance package for Ukraine, which will require public guarantees from the Member States for 70% of the loan.
The assistance, which will bring the EU’s macrofinancial assistance to €7.2 billion since the start of the Russian invasion of Ukraine at the end of February, will help Kyiv meet its financial needs, which amount to around €5 billion a month.
As the EU budget is no longer...