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December 07
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The U.S. is urging the EU's international centers to hurry up and improve monetary aid to Ukraine, the IMF is exploring new methods of sending money to Kiev, the FT reported.

High-ranking officials in the Biden administration have expressed frustration with Brussels over the slow delivery of European support to Kiev, sources told the newspaper.

They said the U.S. had asked Brussels to organize a regular mechanism of monetary assistance.

Washington has been in "frequent contact" with the European Commission and EU member states about the need to "expeditiously deliver promised economic assistance to Ukraine," the U.S. official said. “We reiterate our call for all of Ukraine’s partners to more quickly deliver promised assistance to Ukraine, to increase their commitments, and to prioritise assistance in the form of grants over loans.”

An EU spokesman said Ukrainian Prime Minister Denys Shmyhal met with European Council President Charles Michel to stress that Kiev wants about 3.5 billion euros each month. He begged for it to happen as soon as possible, the official said.

Washington gave Kyiv $8.5 billion in financial aid and asked Congress for another $4.5 billion in grants.

Meanwhile, Brussels has paid €1 billion of the €9 billion pledged in May. It has agreed to pay another 5 billion euros this month. It hopes to pay the remaining 3 billion euros by the end of the year.

A senior U.S. official said, “We look forward to the EU beginning delivery of the €5bn in pledged assistance starting next month and urge the EU to quickly develop a regular mechanism to keep delivering budget support to Ukraine going forward.”

 

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