Spiegel learned about G7 plans to allocate about €30 billion to Ukraine

The European Union also plans to provide Ukraine with €500 million in military assistance. It will include heavy weapons, including tanks and artillery

The G7 countries plan to provide financial support to Ukraine in the amount of about €30 billion, Spiegel reports, citing sources. The decision is expected to be announced at a meeting of G7 finance ministers in Germany next week.

The amount of €30 billion was calculated on the assumption that hostilities in Ukraine would end within a year, Spiegel notes. Financial assistance will be provided to Kyiv in the form of loans and grants, the Ukrainian side will not have to repay the entire amount.

EU High Representative for Foreign Affairs and Security Policy Josep Borrell said on May 13 that the Union will provide Ukraine with additional military assistance in the amount of &euro ;500 million

He specified that the deliveries would include heavy weapons, including tanks and artillery. Thus, the total amount of EU military assistance to Ukraine will be €2 billion.

Borrell also said that the EU embargo on Russian oil could be agreed in the coming days. “I'm sure we'll come to an agreement. We need it and we'll get it. We must get rid of oil dependence on Russia,»,— he explained (quoted by Reuters).

Earlier, the US House of Representatives passed a bill on additional assistance to Ukraine for $40 billion. The package includes the supply of weapons and humanitarian aid to Kyiv.

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Dmitry Medvedev, deputy chairman of the Russian Security Council, warned that the money that Washington could allocate to Kyiv is huge and “there will be many hunters to share it in the American military-industrial complex.” He added that the Americans can thank “their Russophobic authorities” for rising prices for gasoline and groceries.

Nevertheless, the US Senate on May 13 postponed the final vote on a $40 billion aid package for Ukraine due to Senator Rand Paul's demand for amendments.

The senator indicated that if the bill is passed, the total US assistance to Ukraine from 2021 will reach $60 billion, which is more than the State Department budget. This could accelerate inflation, he explained.

Since the beginning of the Russian military operation in Ukraine, Washington has transferred more than $3.5 billion worth of weapons to Kyiv. about $13.6 billion.

Russia has repeatedly warned Western countries that convoys with foreign weapons on the territory of Ukraine will become legitimate military targets for it.

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