PM Silina and European Commission Executive Vice President Dombrovskis to discuss financial support to Ukraine

  • 2023-12-07
  • LETA/TBT Staff

RIGA - Prime Minister Evika Silina (New Unity) next Monday will meet with the European Commission's Executive Vice President Valdis Dombrovskis (New Unity), who is scheduled to arrive in Riga on a working visit, governmental representative Ineta Magone told LETA. 

Silina and Dombrovskis are expected to discuss the mid-term revision of the European Union (EU) multiannual budget, the need to ensure steady and predictable financial support to Ukraine, the agenda of the European Council's December 14-15 meeting, as well as other current EU affairs. 

The meeting will be followed by a joint news conference. 

As reported, on June 20, the European Commission proposed to establish a dedicated facility for Ukraine. The foreseen overall amount of the facility is up to EUR 50 billion for the period 2024 to 2027 for both grants and loans.

This financial instrument would replace bilateral support the EU has been providing to Ukraine through the Neighborhood, Development Cooperation and International Cooperation Instrument "Europe in the World" and the Macro-Financial Assistance + instrument, which has a budget of EUR 18 billion and will expire at the end of 2023.

In October, the European Parliament approved the proposed EUR 50 million facility for Ukraine's recovery, reconstruction and modernization.