European Commission proposes €50 billion facility for Ukraine for the next four years
European Commission proposes €50 billion facility for Ukraine for the next four years Homepage World Refugee Day: EU commits to remain a place where refugees find protection and safety Homepage Ozzy the Hamster is back!
Raising awareness on clean energy to avert climate catastrophe Homepage EU4Culture launches call for cultural and cross-innovation projects in the Eastern Partnership countries Homepage How I got used to air raid alerts – A Georgian journalist’s story from Kyiv
The reserve will include both loans and grants. It is also expected to encourage donors other than the EU to step up.
“This financial reserve will allow us to really calibrate our financial support according to the evolution of the situation on the ground, because we all know that a war requires at most flexibility from us,” said von der Leyen.
She added that since the beginning of the Russian full-scale war against Ukraine, the country has received €30 billion directly from the EU budget.
Source – EU Neighbourhood East