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particular Germany, are still blocking consideration of this issue, and the president of Ukraine is conducting active negotiations with its partners.” Earlier, during a telephone conversation, Volodymyr Zelenskyy asked French President Emmanuel Macron to assist in unblocking macro-financial assistance that is to be provided by the EU. Arianna Podesta, a European Commission representative, said that the EU currently does not have the funds to provide the second tranche of macro-financial assistance to Ukraine in the amount of €8B.
The EU will allocate €8B to Ukraine by September. The European Union will agree on a new financial assistance package for Ukraine by September. It will amount to about €8B, writes Daily Maverick. Sources in the German government note that part of the package will consist of loans as well as grants that do not need to be repaid. It is worth noting that in May, representatives of the G7 agreed to allocate $9.5B to Ukraine, most of which will be issued by the US. Germany had contributed €1B in the May package, which it had already paid. Also, the source said that Germany will contribute to the new aid package, adding that other EU countries such as Italy and France have held back so far and that Berlin is in close contact with its European partners and the European Commission regarding the issue.
Ukraine has submitted an official proposal for a new special program to the IMF. This was stated by the Prime Minister of Ukraine, Denys Shmyhal, during an online conversation with the Minister of Finance of Germany, Christian Lindner. According to the prime minister, the letter was sent to the head of the IMF on August 5. "We already expect to receive appropriate assistance from the IMF in November or December this year." The government's message also states that Germany supports the provision of EU macro-financial assistance to Ukraine, the launch of a new IMF special program, and the procedures initiated by the government of Ukraine to postpone the payment of debts.
$5B IMF loan will help Ukraine to attract new financial aid. A $5B loan from the International Monetary Fund will help convince foreign creditors that Ukraine's macroeconomic situation is under control, said the adviser to the President of Ukraine, Oleg Ustenko. According to Ustenko, the new IMF financing will signal stability and conditions suitable for a larger $15-$20B package of financial assistance. In addition, it will help Ukraine survive the economic crisis caused by Russia’s invasion. He also noted that Ukrainian officials are in touch with a global lender regarding a potential larger package, adding that the goal should be to move forward as quickly as possible.
Johnson pledges $63.5 million in military aid for Ukraine after meeting Zelensky in Kyiv. British Prime Minister Boris Johnson came to Kyiv to meet President Volodymyr Zelensky to mark Ukraine's 31st Independence Day, announcing a further package of military support. According to the U.K. government's statement, the package will include 2,000 drones and loitering munitions.
Norway to provide $200 million for Ukraine to buy gas. "It is now a matter of urgency to help Ukraine increase its store of natural gas before winter arrives. The gas will help to alleviate the country’s grave humanitarian situation," reads the Norwegian government's statement published on Aug. 29.
46 UKRAINE Country Report September 2022 www.intellinews.com