Europe to Provide Ukraine with Additional €15 Billion in Aid
During the Special European Council, 7 member states pledged to provide Ukraine with additional financial and military assistance worth €15 billion, European Council President Antonio Costa said at a final press conference in Brussels.
He stressed that EU states can immediately increase their support for Ukraine through initiatives to increase fiscal space, and the new commitments already amount to about €15 billion.
‘We have been with Ukraine since day one. We have already provided more than €135 billion in support to Ukraine since 2022. Our support is unwavering. If the war continues. In any future peace negotiations. In reconstruction. In accession to the European Union,’ Costa said.
He noted that EU members have now committed themselves to increasing their support for Ukraine.
‘Immediately, member states can increase their support thanks to the increased fiscal space. Several member states have already announced their pledges up to €15 billion,’ said the President of the European Council.
He stressed that security guarantees for Ukraine's future are very important for the security of Europe and for international security.
‘We have stood by Ukraine from the beginning, and we will continue this support after the war, as a future member of the European Union. We have also decided to explore our capabilities under the EU Treaty to contribute to security guarantees,’ Costa said.
As The Gaze previously reported, on 6 March, Ukrainian President Volodymyr Zelenskyy arrived at an emergency EU summit dedicated to strengthening the defence of the EU and Ukraine. The event is attended by 28 European leaders to discuss increased European spending on defence and support for Ukraine and EU in the context of the US administration's statements and actions to reduce its contribution to European security and military support for Ukraine.
In a speech at a meeting of the European Council on 6 March, Zelenskyy said that Ukraine was ready to take the necessary steps for peace and outlined what they should be.