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signed a temporary governmental funding law, which avoids the suspension of federal operations and provides for the allocation of $12.3B in aid to Ukraine, the White House press service reported. Included in the Ukrainian assistance package is $3B in military assistance, including training, equipment, weapons, and logistical support. Another $1.5B is earmarked to replenish stocks of foreign equipment supplied to Ukraine. Moreover, $2.8B is for the continuation of the military, intelligence, and other defensive support. An additional $35M will go toward financing responses to "potential nuclear and radiological incidents" in Ukraine and preventing the theft of these materials.
Ukraine to receive €5bn from EU in three tranches. Ukraine will receive the macro-financial assistance package in October, November, and December, Reuters reported, citing European Commission Vice-President Valdis Dombrovskis.
The EU will provide Ukraine with €2B in macro-financial assistance soon.
The EU will provide Ukraine with €2B in macro-financial assistance soon, European Commission President Ursula von der Leyen said at a press conference following the informal EU summit on October 7. This is a part of the second tranche of macro-financial aid totaling €5B. The EC president emphasized that since the beginning of the full-scale invasion, the European Union has allocated €19B in assistance to Ukraine, and this amount does not include the military support provided by the EU allies. According to the chairman of the European Commission, the issue of further support for Ukraine was discussed during the leaders' meeting.
The European Union is in discussions to extend Ukraine around €18bn in funding next year to help cover urgent financing needs, even asbns of euros in aid the bloc approved more than four months ago remain unpaid. The package will aim to provide at least half of the €3bn to €3.5bn Ukraine needs per month, one of the people said. Western allies including the US have been discussing ways to keep Ukraine’s economy afloat as the war ticks past the seven-month mark, and officials in Kyiv have redoubled requests for more help. Some partners have privately criticized the EU for not fully delivering on prior commitments of nearly €9bn. The commission is still working on the details of the new plan and some elements, including the size of the package, haven’t been finalized, said the people, who spoke on condition anonymity because the discussions are private. The commission is also deliberating how to structure the support, including what share of the funding will be loans versus non-refundable grants.
The EU will create a €100M fund for Ukraine's direct purchase of weapons. French President Emmanuel Macron announced the creation of a special €100M fund organized by the European Union. After the fund is established, Ukraine can conduct direct military equipment purchases, writes Le Figaro. "This fund will allow us to continue providing defensive weapons," Macron said after an informal meeting of the European Council. He added that with the help of the fund, Ukraine will be able to purchase the most necessary military equipment directly from European manufacturers. Macron also confirmed that France is negotiating with Denmark to transfer the Caesar howitzers it has purchased to Ukraine.
Ukraine received €550M from the EIB to restore its energy system. The EU and the European Investment Bank will help Ukraine restore its energy infrastructure. On October 12, the EIB transferred an additional €550M to
36 UKRAINE Country Report November 2022 www.intellinews.com