News
EU reinforces Ukraine with €500m to resettle war victims
The European Union has volunteered to provide Ukraine with another 500 million euros (496.3 million dollars) in grants to reinforce the country in the war with Russia, assisting in providing housing and education to people internally displaced by the war and returnees.
The European Commission announced on Monday that the financial aid, some of which would also support Ukraine’s agricultural sector, was part of pledges made at donor conferences and donor events earlier this year.
The Ukrainian Prime Minister, Denys Shmyhal, had visited Brussels for the first time since Russia’s invasion in late February.
EU foreign affairs Chief, Josep Borrell, said Shmyhal’s trip to the EU capital amid the war is “yet another proof of Ukraine’s resilience and bravery.”
“Since the beginning of the war, Ukraine received grants and loans worth 5.4 billion euros from the EU to support the country’s overall economic, social and financial resilience.”
The European Commission added that Ukraine will also receive military assistance worth 2.5 billion euros.
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