22
Oct
2024
Watch
Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine (debate)
Mr President, ladies and gentlemen, Commissioner, the proposal for a cooperation mechanism for lending to Ukraine and exceptional macro-financial assistance of EUR 35 billion is not just an economic issue but an act of responsibility towards the stability of Europe. The Russian aggression has devastated Ukraine with direct impacts on the country's economy and infrastructure. Without decisive action, the consequences will be felt across Europe, threatening our collective security. The loan is structured with obviously advantageous conditions and financed also through the asset This is a clear and strong message to those who violate international law: You will have to pay for the reconstruction at your own expense. In addition, the overall package of €50 billion until 2027 includes grants guaranteeing essential services for Ukraine itself. This is not charity, but an investment in European security, a declaration of support for the values of freedom and democracy. Now more than ever, we must act with determination.