Lithuanian president, other EU leaders to discuss Ukraine aid package, Russia sanctions

  • 2023-10-26
  • BNS/TBT Staff

VILNIUS – Lithuanian President Gitanas Nauseda is heading to Brussels on Thursday to discuss with other EU leaders continued support for Ukraine and new sanctions against Russia.

The European Commission last summer proposed a revision of the bloc's budget, including the creation of a new financial instrument to support Kyiv. These funds, consisting of grants and loans, are expected to amount to around 50 billion euros.

EU officials have said that the Commission's proposal aims to help finance the Ukrainian government's running costs and pay for immediate reconstruction priorities.

However, the money will be disbursed if Ukraine implements reforms to improve the rule of law and combat corruption.

Lithuania also emphasizes that as Russia continues its war in Ukraine, the bloc should adopt a new package of sanctions against the Kremlin, including restrictions on the nuclear energy giant Rosatom.

EU leaders are meeting in Brussels as Kiyv waits for the Commission's assessment in November on whether to open formal accession talks with Ukraine. Then it will be up to the block's leaders to take a final decision.

At the European Council meeting, EU leaders will also discuss migration, the bloc's economy and competitiveness, and the situation in the Middle East, the South Caucasus and the Western Balkans.