Treasury Minister Zybnek Stanjura (right) of the Czech Republic met with Ireland’s Treasury Minister Paschal Donohoe (right) at the EU Treasury Ministers’ Meeting in Brussels yesterday.

EEuropean The Allies yesterday approved new aid to Ukraine as Ukraine faces increased economic damage from Russia’s aggression.

The EU finance ministers of 27 countries yesterday approved a € 1 billion loan to the Ukrainian government.

In total, this year’s EU macro financial assistance to Kyiv will total € 2.2 billion. The first € 1.2 billion EU lending package received a green light from Brock’s chief financial officer a few days before Russia’s full-scale attack on February 24.

In mid-May, the European Commission, the EU’s executive body, proposed additional assistance of up to € 9 billion to Ukraine. The planned payment of € 1 billion is part of this initiative. This is because Russia is moving forward in eastern Ukraine and the number of casualties is increasing on both sides.

“This will give Ukraine the money it needs to cover its urgent needs and ensure the operation of its critical infrastructure,” said Zbynek Stanjura Treasury of the Czech Republic, who is currently the EU’s replacement president. The minister said in a statement.

Ukraine said last week that post-war reconstruction would cost $ 750 billion. Meanwhile, Kieu’s government is estimated to need about € 5 billion a month to sustain its economy.

A group of seven countries, including the United States, has pledged to help Ukraine provide military aid to Kyiv, impose widespread economic sanctions on Russia, and meet its short-term funding requirements. did.

The five-month-old war has generated global economic and social repercussions, from potential food shortages in Africa to the turmoil in the EU’s energy supply. These in turn increase the risk of a global recession.

The EU is expected to lower its overall block-wide economic growth forecast for 2022 three times this year tomorrow.

In May, the European Commission forecasts EU gross domestic product to grow 2.7% in 2022, downgrading the February forecast of 4% growth. The February outlook itself was weaker than the November forecast of this year’s EU GDP growth of 4.3%.

Over the past two months, Russia has cut or cut its supply of natural gas to more than 10 EU countries, and inflation in Europe continues to skyrocket. In June, inflation in 19 countries sharing the euro currency reached a record high of 8.6%. MDT / AP

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