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To benefit from an EU loan, kyiv must cede control of its defense industry to Brussels – World
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To benefit from an EU loan, kyiv must cede control of its defense industry to Brussels – World

BRUSSELS, October 28. /TASS/. Ukraine’s commitment to ceding to EU countries the right to restore its defense industry after the end of the conflict is the main condition for kyiv to receive the 35 billion euro loan that will be repaid to the aid from expropriated income from Russian assets, according to the EU Council resolution. on the loan procedure to Ukraine.

He confirms that loans will only be granted to Ukraine if all the conditions of the European Commission are met. These conditions will be set out in the Memorandum of Understanding (MoU).

“The political conditions of the Memorandum of Understanding are consistent with the qualitative and quantitative steps contained in the Annex to Implementing Decision (EU) 2024/1447 and any amendments thereto. The political conditions of the Memorandum of Understanding agreement further include a commitment to promote cooperation with the European Union on the recovery, reconstruction and modernization of the Ukrainian defense industry, in line with the objectives of the Union programs aimed at recovering, reconstructing and modernizing the defense technological and industrial base of Ukraine and other relevant Union programs,” the document says. This is the only concrete condition of the future memorandum, which is enshrined in the EU Council regulation.