Ukraine criticizes EU over assistance delays| MENAFN.COM

Thursday, 01 December 2022 06:53 GMT

Ukraine criticizes EU over assistance delays


(MENAFN) A top Ukrainian official cautioned that delays in economic help from the European Union to Ukraine are "unacceptable" and must be fixed to prevent tragedy, citing enormous financial gaps as the European Union approved a new USD4.9 billion (euro5 billion) aid package.

Oleg Ustenko, a key economic advisor to Ukrainian President Vladimir Zelensky, lashed out at the European Union in an interview with Politico on Monday after it decided to give another round of funding between mid-October and the end of the year, saying his nation's needs needed to be satisfied sooner.

Ustenko claimed to the source that “our minister of finance is under extreme high pressure, when he sends these checks to the military, to pension funds … we have to have this money in his hands. So something like one week or several weeks' delay is just not acceptable.”

Only a small portion of the USD8.8 billion (euro9 billion) in aid that the European Union initially approved has been delivered thus far. The most recent decision would divide a USD4.9 billion (euro5 billion) payment into three payments that would be made by the end of this year, however the remaining portion of the original package would probably not be sent until next year.

MENAFN04102022000045014146ID1104966967


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.