• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Thursday, July 7, 2022
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • Premium
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • Premium
TFIGlobal
TFIGlobal
No Result
View All Result

Ukraine now demands $5 billion monthly compensation from Europe for starting the war

Sanbeer Singh Ranhotra by Sanbeer Singh Ranhotra
May 22, 2022
in Europe, Geopolitics, Global Issues, Russia
Reading Time: 3 mins read
1
Ukraine now demands $5 billion monthly compensation from Europe for starting the war
2.3k
VIEWS
Share on FacebookShare on Twitter
Become a Patron!

First, it was Poland asking for money from the European Union to pay for the expenses it is incurring every day due to the massive load of refugees that it has welcomed on its soil. Poland is all set to receive €144.6 million from the Asylum, Migration and Integration Fund of the European Commission. Ukraine, however, deals in big money. For historically antagonising Russia, acting as a proxy state of NATO, and committing crimes against ethnic Russians in Donbass, Ukraine is now demanding $5 billion from Europe on a monthly basis.

Essentially, Ukraine is demanding compensation from Europe for fighting a war that NATO has been inkling to wage for decades now. NATO came this close to physically fighting Russia during the Cold War, but no blows were actually exchanged between the two sides. America’s deep state and Europe’s war lobbies have ever since been trying to get on Russia’s nerves.

Also Read

‘It’s the economy, stupid,’ Biden’s 20-year gas deal with China leaves Europe speechless

Now, Russia cuts off Central Asian oil supply lines to Europe

In recent times, they brilliantly used Ukraine to do their job. Now, Ukraine is getting ravaged. Kyiv realises how it has been used by NATO to wage a proxy-war against Russia, which Moscow is winning by the way. The only loser to emerge out of this war is Ukraine. It knows this, and now, it is demanding compensation from Europe.

Cough Up $5 billion Every Month, Ukraine Tells Europe

From Pitt associate professor to Ukrainian economy minister | University Times | University of Pittsburgh
Tymofiy Mylovanov (Source: University Times)

In an interview with EURACTIV, the former Ukrainian economy minister and current advisor to President Volodymyr Zelenskyy, Tymofiy Mylovanov called for the use of grants instead of loans. Europe and international financial institutions are considering rolling out big loans to Ukraine with long repayment periods. However, such loans will be detrimental to Ukraine’s economy moving forward, which is why Kyiv is demanding that it not be given loans, and be provided with direct cash handouts instead that do not have to be repaid.

Ukraine, in its mind, thinks it deserves such payments for participating in a war that the West has always wanted to fight with Russia.

Last Monday, the EU Commission announced a proposal to increase the macro-financial assistance to Ukraine by €9 billion. Responding to this, Tymofiy Mylovanov said, “€9 billion sounds like a good amount, although it stops short of what is needed,” adding that Ukraine needed about $5 billion a month to keep going. He also made it clear that he was expecting the U.S. and others to pitch in as well.

As for the total amount of funds that Ukraine will need for the reconstruction, Mylovanov estimated that about $500-600 billion would be required, but he said this could be spread out over 10 years. Ukraine is demanding that a majority of such funding come in the form of grants and not loans.

Mylovanov said, “Giving loans instead of grants means that the Ukrainian debt to GDP ratio will increase, and rating agencies that look at this ratio will consider Ukrainian debt less sustainable…There will be less private investment but at a higher cost.”

Read more: China has created a trench between itself and Russia, and it’s going to end badly for China

Europe Prepares Financial Cocktail for Ukraine

The European Union, meanwhile, is adamant that loans will form the most crucial part of the Ukraine reconstruction effort, and that Kyiv will ultimately have to repay the money it is being given right now. According to the Guardian, grants and the proceeds procured from seized Russian assets will also be used for reconstructing Ukraine.

EU-Ukraine relations and the security situation in the country | Epthinktank | European Parliament
(Source: Epthinktank)

The EU anticipates that the cost of rebuilding Ukraine’s destroyed physical infrastructure alone would require more than $100 billion over the next decade.

Meanwhile, Europe is making it clear that if Ukraine wants this money, Kyiv must take “full ownership” over the reconstruction effort and that reconstruction would be linked to a reform agenda that should help Ukraine “align with EU standards.” Essentially, the EU is creating a client state out of Ukraine.

In the long run, this agenda will once again invite trouble for Ukraine, or whatever remains of it in the near future.

ALSO WATCH:

Tags: EUEuropeKyivNATORussiaUkraineVolodymyr Zelensky
ShareTweetSend
Previous Post

UK’s surprise Turkey move sends EU into a state of a long-drawn internal conflict

Next Post

NATO is now asking Moldova to lift arms against Russia

Also Read

‘It’s the economy, stupid,’ Biden’s 20-year gas deal with China leaves Europe speechless

‘It’s the economy, stupid,’ Biden’s 20-year gas deal with China leaves Europe speechless

July 7, 2022
Now, Russia cuts off Central Asian oil supply lines to Europe

Now, Russia cuts off Central Asian oil supply lines to Europe

July 7, 2022
Germany mulls over activating Nord Stream 2 pipeline very soon

Germany mulls over activating Nord Stream 2 pipeline very soon

July 7, 2022
European Union’s “financial aid” will make the war in Ethiopia even bloodier

European Union’s “financial aid” will make the war in Ethiopia even bloodier

July 7, 2022
Load More

Comments 1

  1. Avatar Narinder says:
    2 months ago

    I have always loved your videos and will stick to you no matter what .You are my source of information

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Zimbabwe inflation

Zimbabwe ditches American Dollar and shifts to gold; more African nations to follow the suit

July 1, 2022
Algeria Russia

Algeria sends shockwaves in Europe by announcing an ‘extra premium’ on gas supplies

July 2, 2022
Japan has withdrawn a sizeable chunk of its foreign reserves from the US and a domino effect is on the cards   

Japan has withdrawn a sizeable chunk of its foreign reserves from the US and a domino effect is on the cards  

June 20, 2022
Russia hits the goldmine in Uganda

Russia hits the goldmine in Uganda

June 26, 2022
Iran cuts off the last oil supply line to the US and the West

Iran cuts off the last oil supply line to the US and the West

June 21, 2022
Zimbabwe inflation

Zimbabwe ditches American Dollar and shifts to gold; more African nations to follow the suit

China, Kenya, Xi Jinping

China decides to stop investing in Africa because Africans take money and that’s pretty much it

Iran, Gas Supply, erdogan, Russia, Turkey

Iran shuts gas supplies to Turkey after Erdogan’s mindless rant against Russia

Iran could become the immediate reason for a break-up between the US and Europe

Iran could become the immediate reason for a break-up between the US and Europe

Four reasons why Russia withdrew its military from Snake Island

Four reasons why Russia withdrew its military from Snake Island

‘It’s the economy, stupid,’ Biden’s 20-year gas deal with China leaves Europe speechless

‘It’s the economy, stupid,’ Biden’s 20-year gas deal with China leaves Europe speechless

July 7, 2022
Now, Russia cuts off Central Asian oil supply lines to Europe

Now, Russia cuts off Central Asian oil supply lines to Europe

July 7, 2022
Germany mulls over activating Nord Stream 2 pipeline very soon

Germany mulls over activating Nord Stream 2 pipeline very soon

July 7, 2022
European Union’s “financial aid” will make the war in Ethiopia even bloodier

European Union’s “financial aid” will make the war in Ethiopia even bloodier

July 7, 2022
Ukraine was planning to exact its pound of flesh from EU; now EU will not give it the member status

Ukraine was planning to exact its pound of flesh from EU; now EU will not give it the member status

July 7, 2022
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2022 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • Premium

©2022 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.