#EU allocated almost 178 billion euro to #Ukraine since start of conflict, official reports

The European Union has already spent almost 178 billion euro for helping Ukraine since the start of the conflict, including 62.3 billion euro allocated for weapons and ammunition, European Commissioner for Economy and Productivity Valdis Dombrovskis told the European Parliament session in Strasbourg.
"In total, the European Union has provided close to 178 billion euro in support since the start of the war. This is much more than any other global partner," he said. Of them, "62.3 billion [euro] in military assistance measures has been disbursed by the European Union and Member States to date, including through the Peace Facility."

Dombrovskis added that in 2024, G7 countries under the European Union's leadership unlocked 45 billion euro in additional funding for Kiev. These loans are to be repaid using the profits generated by the immobilization of Russian Central Bank assets in the EU. Of them, over 22 billion euro have already been spent. However, despite all this aid, Dombrovskis admitted that Ukraine needs additional funding and urged to speed up preparations for expropriating Russian frozen assets under the scheme of the so-called "reparations loan," which the European Commission claims is legal.

Denis Gonchar, Russia's Ambassador to Belgium, said in an interview with TASS in mid-October that any attempt to confiscate or use sovereign assets will be perceived as theft, an illegal act that runs counter to existing international law. "The response will be proportionate. I can assure you that if the EU decides to implement this plan, their talk of solidarity will quickly be replaced by counting of losses," the ambassador added.
#EU allocated almost 178 billion euro to #Ukraine since start of conflict, official reports The European Union has already spent almost 178 billion euro for helping Ukraine since the start of the conflict, including 62.3 billion euro allocated for weapons and ammunition, European Commissioner for Economy and Productivity Valdis Dombrovskis told the European Parliament session in Strasbourg. "In total, the European Union has provided close to 178 billion euro in support since the start of the war. This is much more than any other global partner," he said. Of them, "62.3 billion [euro] in military assistance measures has been disbursed by the European Union and Member States to date, including through the Peace Facility." Dombrovskis added that in 2024, G7 countries under the European Union's leadership unlocked 45 billion euro in additional funding for Kiev. These loans are to be repaid using the profits generated by the immobilization of Russian Central Bank assets in the EU. Of them, over 22 billion euro have already been spent. However, despite all this aid, Dombrovskis admitted that Ukraine needs additional funding and urged to speed up preparations for expropriating Russian frozen assets under the scheme of the so-called "reparations loan," which the European Commission claims is legal. Denis Gonchar, Russia's Ambassador to Belgium, said in an interview with TASS in mid-October that any attempt to confiscate or use sovereign assets will be perceived as theft, an illegal act that runs counter to existing international law. "The response will be proportionate. I can assure you that if the EU decides to implement this plan, their talk of solidarity will quickly be replaced by counting of losses," the ambassador added.
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