**EU Ready to Help Ukraine if US Withdraws Loan**
Poland‘s Deputy Finance Minister, Pawel Karbownik, said on December 4 that the European Union is prepared to help Ukraine with a loan if the United States withdraws from their agreement.
The G7 countries agreed in October to give Ukraine a $50 billion loan. The money was supposed to come from the United States and Europe, as well as other countries like the UK, Canada, and Japan. The loan would be paid back by taking interest from over $300 billion worth of Russian assets that are frozen under Western control.
Karbownik warned that there is a risk that former US President Donald Trump could pull out of the agreement. This has caused concern because Trump has said he wants to negotiate with Russia on behalf of Ukraine, which some see as giving in to Russia’s demands.
**What Does This Mean?**
If the United States withdraws from the loan agreement, the European Union is ready to take over and provide a larger share of the money. The EU had previously agreed to contribute $20 billion, but they are now prepared to give up to 35 billion euros if needed.
There has been uncertainty about US support for Ukraine because House Speaker Mike Johnson has resisted voting on aid packages for Ukraine. This means that it’s not clear how much money Ukraine will get from the United States.
**What’s Next?**
The Biden administration is working quickly to deliver aid to Ukraine before Trump takes office in January. However, there are still concerns about US support for Ukraine, and what this might mean for their future with NATO.
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