**EU Proposes $115 Billion Aid Package for Ukraine**
The European Commission has made a significant move to support Ukraine by proposing a massive aid package worth 100 billion euros ($115 billion) from the EU’s long-term budget. This proposed allocation, announced by Commission President Ursula von der Leyen on July 16, is aimed at helping Ukraine recover and rebuild its economy.
**Doubling the Current Aid Package**
The new proposal doubles the current Ukraine Facility budget of 50 billion euros, which was approved in February 2024 and runs through 2027. The existing fund includes 33 billion euros in loans and 17 billion euros in grants to support Ukraine’s economic recovery and reconstruction. Von der Leyen emphasized that the increased aid package is essential for long-term planning, saying it will help Ukraine on its path to EU membership.
**A New Era for the EU**
The proposed overall EU budget for 2028-2034 totals 1.816 trillion euros, marking a significant increase from the current budget ceiling of 1.1% to 1.26% of gross national income. The Commission President described this new proposal as “a budget for a new era,” one that matches Europe’s ambition and strengthens its independence. This ambitious plan aims to make the EU more strategic, flexible, and transparent in its decision-making.
**A Long Road Ahead**
The proposed aid package must be approved unanimously by all 27 EU member states and passed by the European Parliament. This process is expected to take two years, with negotiations likely to unfold over that period. While this new development offers hope for Ukraine’s recovery, it remains to be seen whether all EU member states will come together to support this massive aid package.
**Commentary**
The proposed 100 billion euro aid package is a significant show of solidarity from the EU towards Ukraine. As Ukraine continues to face challenges in rebuilding its economy and infrastructure after years of conflict, this increased support will undoubtedly make a positive impact. However, as with any major decision, there are likely to be disagreements among member states, making it crucial for diplomats to work together to find common ground.
**What’s Next?**
As the EU begins negotiations on the proposed budget, we can expect debates and discussions about the allocation of funds and priorities. The Kyiv Independent will continue to follow this story closely, providing updates and analysis as more information becomes available.
