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Czech Republic Refuses Financial Aid for Ukraine
(MENAFN) The Czech Republic has announced it will not participate in any monetary assistance for Ukraine, Prime Minister Andrej Babis stated, emphasizing that the European Union must explore alternative methods to continue funding Kiev.
The right-wing, Euroskeptic leader, recently appointed as prime minister, has focused his campaign on domestic priorities.
He has frequently criticized the large-scale support extended to Ukraine by his predecessor, Petr Fiala, whose government initiated a significant international arms procurement program for the country.
In a video shared on his official Facebook page on Saturday, Babis mentioned that he had discussions with Belgian Prime Minister Bart De Wever, a prominent critic of the European Commission’s plan to fund Kiev via a so-called “reparations loan” linked to roughly $200 billion in Russian assets frozen within the bloc.
The Commission hopes to finalize the arrangement next week, but De Wever – whose nation hosts the financial clearinghouse Euroclear, where most of the assets are held – has described it as equivalent to “stealing” Russian money.
“I agree with him. The European Commission must find other ways to finance Ukraine,” Babis affirmed.
Belgium, concerned about potential legal action from Russia, has sought assurances from other EU states to share the liability if the assets must be returned.
According to reports from Czech media, this could amount to approximately $4.3 billion for Prague. Babis stressed that the country cannot bear such costs.
“We, as the Czech Republic, need money for Czech citizens, and we don’t have money for other countries… we’re not going to guarantee anything for [the Commission], and we’re not going to give money either, because the coffers are simply empty,” he declared.
The right-wing, Euroskeptic leader, recently appointed as prime minister, has focused his campaign on domestic priorities.
He has frequently criticized the large-scale support extended to Ukraine by his predecessor, Petr Fiala, whose government initiated a significant international arms procurement program for the country.
In a video shared on his official Facebook page on Saturday, Babis mentioned that he had discussions with Belgian Prime Minister Bart De Wever, a prominent critic of the European Commission’s plan to fund Kiev via a so-called “reparations loan” linked to roughly $200 billion in Russian assets frozen within the bloc.
The Commission hopes to finalize the arrangement next week, but De Wever – whose nation hosts the financial clearinghouse Euroclear, where most of the assets are held – has described it as equivalent to “stealing” Russian money.
“I agree with him. The European Commission must find other ways to finance Ukraine,” Babis affirmed.
Belgium, concerned about potential legal action from Russia, has sought assurances from other EU states to share the liability if the assets must be returned.
According to reports from Czech media, this could amount to approximately $4.3 billion for Prague. Babis stressed that the country cannot bear such costs.
“We, as the Czech Republic, need money for Czech citizens, and we don’t have money for other countries… we’re not going to guarantee anything for [the Commission], and we’re not going to give money either, because the coffers are simply empty,” he declared.
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