The President of the European Parliament Roberta Metzola noted on November 24, 2022, that the deputies of the European Parliament voted to allocate 18 billion euros to Ukraine in 2023.
“In record speed, the European Parliament has just approved €18 billion for Ukraine to survive the war and start its reconstruction. 9 months into Kremlin’s indiscriminate war, our support to Ukraine only grows stronger. We won’t budge,” wrote the President of the European Parliament Roberta Metsola.
On November 9, 2022, the European Commission announced a plan to provide Ukraine with regular macro-financial assistance during 2023 in the amount of up to 1.5 billion euros per month.
This assistance will be provided in the form of a long-term loan, with a repayment term of 30 years, with the possibility of an extension of up to 35 years, on favorable terms. Ukraine should start the first repayments of this loan in 2033.
The document must still go through the procedure of approval by the European Council and should be signed by the presidents of the European Parliament and the European Council. The Council is expected to make a decision on December 6, 2022.