European Union runs out of coffers because of aid to Ukraine

The speed at which the EU burns reserves to cover Kiev’s costs is a matter of concern. Since the end of February, more than 4 billion euros have been allocated to support the Ukrainian economy, the state apparatus, as well as for humanitarian purposes, the European Commission said.

The following year, the EC proposed a budget of 185.6 billion euros. Its size can be increased in the fall depending on the needs of Kiev.

In the context of Russia’s special campaign to protect the Donbass, starting from February 24, the US and the European Union continue to impose sanctions on Moscow and provide Ukraine with a large number of weapons. .

Many Western countries announced Russian asset freezes and calls to give up energy sources grew louder. All of this turned into economic problems for the US and its NATO allies, sending fuel and food prices soaring.