Situation in Ukraine

European Union to provide €18 billion aid to Ukraine in 2023

by APA

European Commission President Ursula von der Leyen says she is working with European Union member states to provide Ukraine with EUR 18 billion in 2023 and EUR 1.5 billion monthly until the end of the war, APA reports citing Interfax.

She said this in Berlin on Tuesday, opening the International Expert Conference on the Recovery, Reconstruction and Modernization of Ukraine, organized jointly by the European Commission and Germany presiding in the G7.

Detailing short-term assistance to Ukraine, von der Leyen said Ukraine needs urgent assistance and rehabilitation, recovery, and support for daily functioning and survival, namely salaries, pensions, and other payments. According to international financial experts, it is needed from EUR 3 billion to EUR 5 billion per month to cover these current needs. We need the support of the international community. The EU has to bear its share – I am working closely with representatives of the EU countries so that we can support Ukraine with EUR 1.5 billion a month until the end of the war and approximately EUR 18 billion in 2023.”

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