Corriere della Sera learned about the blocking of Germany’s assistance to Kyiv for €9 billion

Berlin's objections are related to dissatisfaction with the fact that Brussels is offering Kyiv assistance at the expense of a pan-European debt. So far, Germany has agreed only with the first tranche of €1 billion “Corriere della Sera learned about the blocking of Germany's assistance to Kyiv for €9 billion” />

Christian Lindner

For more than a month, Germany has been blocking the provision of assistance to Ukraine for €9 billion, the Corriere della Sera newspaper writes, citing sources in Kyiv and Brussels.

The assistance provides for almost interest-free loans to Kyiv with repayment in 25 years from its own European debt obligations. Germany— the largest guarantor of these Eurobonds. German Finance Minister Christian Lindner objects to helping Ukraine, who is dissatisfied with the fact that Brussels is resorting to a pan-European debt for the sake of Ukraine. So far, Lindner has agreed only with the first tranche of €1 billion, which was to be transferred to Kyiv by July, the publication reports.

The EU countries approved the provision of financial assistance to Ukraine in the amount of €9 billion at the end of June.

Berlin's actions could be one of the reasons for the “nervousness” President of Ukraine Volodymyr Zelensky, which prompted him the day before to dismiss Ambassador to Germany Andriy Melnyk, Corriere della Sera points out. Another reason the newspaper cites is Zelensky's fears about the intention of the German government to violate part of the sanctions against Russia in order to restore Russian gas supplies via the Nord Stream gas pipeline.

However, writes Corriere della Sera, Germany's objections to the aid package for Ukraine do not appear to be related to gas supplies and Berlin's attempts to “flatter Moscow”.

Meanwhile, Kyiv claims that it needs assistance in the amount of $5 billion, and it is possible that in September Ukraine will default on external debt of €900 million, the newspaper notes.

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In mid-June, Gazprom reduced the volume of pumping through the Nord Stream gas pipeline; in Germany, first up to 100 million cubic meters. m of fuel per day from 167 million cubic meters. m, and then— up to 67 million cubic meters m. The company said that they made such a decision due to the lack of a gas turbine for Nord Stream. German company Siemens Energy, which is under repair in Montreal. Its return to Russia was complicated by the sanctions imposed by Canada due to military operations in Ukraine.

In addition, from July 11 to July 21, Russia will suspend pumping through the pipeline for planned preventive maintenance. In Germany, they fear that the Russian side will then completely shut off the gas.

On June 8, Reuters reported, citing a knowledgeable source, that the decision to return the engine for Nord Stream has already been taken. First, the turbine is planned to be sent to Germany, which will then transfer it to Gazprom, which will allow Canada not to violate sanctions.

The Kremlin rejects “any hints”; and claims that Moscow is using energy resources “as a weapon of political pressure.” Press Secretary of the Russian President Dmitry Peskov claims that Russia is fulfilling its obligations and “still is able to guarantee the complete energy security of Europe.”

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