As reported by Bloomberg Bloomberg
Estonia’s Finance Minister Jürgen Ligi called on European countries to do their utmost to finance Ukraine, despite budgetary difficulties facing governments. According to Bloomberg, Ligi stressed that such support should remain a priority for regional stability.
In his statement, he emphasized: there should be no fiscal constraints if the issue is existential for liberal democracy and human lives.
There should be no fiscal constraints if the issue is existential for liberal democracy and human lives
– Bloomberg News
Context and challenges for Europe
Europe is increasingly taking on the funding of Ukraine after Donald Trump’s return to the U.S. presidency last year. Such a situation creates pressure for budget-constrained countries, as they are forced to balance internal needs with criticism from populist forces who prefer to spend money within their own countries.
Ligi also expressed hope that the EU could use frozen Russian assets to support funding Ukraine.
The biggest challenge right now is the erosion of unity among allies, and I think we have to confront this, including within Europe
– Bloomberg News
Europe must continue funding Ukraine if the United States drifts away from its allies
– Jürgen Ligi
On the European Council’s agenda in the autumn of last year stood the question of funding Ukraine in 2026 and 2027. As a result, a compromise was reached: Ukraine would be offered an interest-free loan of €90 billion to cover the most urgent needs during that period. The money is planned to be raised on financial markets backed by guarantees from the EU’s common budget.
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