Brussels: President Volodymyr Zelensky had demanded $7 billion a month from the International Monetary Fund (IMF) to run the government in Ukraine. It has been revealed that the United States will bear one-third of the cost, while the European Union will bear the rest. The Union has proposed to issue debt bonds worth $15 billion to help run the Ukrainian government. The website ‘Politico Europe’ published the news in this regard.
Accordingly, during a meeting last week, the Union proposed to issue debt bonds to help Ukraine. According to the Union, the scheme will be implemented on the ‘Sure Program’ lines implemented during the Corona period. During the Corona period, the European Union raised 100 billion Euros through the Sure Program.
Politico Europe has said that Ukraine’s debt proposal will be officially tabled next week. The Union also said that member countries should suggest any other available alternative. In addition to the member states of the Union, it has been indicated that non-member countries such as Japan, Norway and Great Britain will also be made a party to the Debt Bonds.
A few days ago, the federation’s foreign affairs chief, Josep Borrell, called for the use of frozen funds in Russian foreign reserves to help rebuild Ukraine.
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