EU Provides Further €1.5B Aid to Ukraine Amidst Russian War
The European Commission has disbursed €1.5 billion as part of the Macrofinancial Assistance Package for Ukraine, totalling up to €18 billion.
Ursula von der Leyen, President of the European Commission, reported this development on the European Commission's website.
"We are mobilising every effort to help Ukraine. Today, we paid another €1.5 billion in assistance to the country, as it faces Russia's brutal war of aggression and works on restoring its infrastructure. And our support will go well beyond 2023. We will continue to stand resolutely by Ukraine's side, with up to €50 billion in support proposed for 2024-2027," stated von der Leyen.
Prior to this, President of Ukraine Volodymyr Zelensky and President of the European Commission Ursula von der Leyen met in Athens, where they arrived ahead of an informal summit with Balkan leaders.
This information was shared on their respective social media platforms.
Ursula von der Leyen noted that the meeting was "productive" and discussions revolved around Ukraine's progress towards EU accession and European support for Ukraine amidst Russian war.
This support will aid Ukraine in continuing wage and pension payments, as well as upholding essential public services such as hospitals, schools, and housing for internally displaced persons. It will also enable Ukraine to ensure macroeconomic stability and reconstruct critical infrastructure devastated by Russia's invasive war, including energy infrastructure, water supply systems, transportation networks, roads, and bridges.
According to von der Leyen, the total sum of macrofinancial assistance provided by the EU to Ukraine since May 2022 has reached €19.2 billion.
In total, the support for Ukraine and its citizens amounts to €76 billion since the onset of the Russian war. This encompasses financial, humanitarian, extraordinary budgetary, and military aid to Ukraine from the EU, member states, and European financial institutions. Additionally, resources were allocated to assist member states in meeting the needs of Ukrainian individuals fleeing from the war.
