The European Commission on Tuesday mobilized 1.5 billion euros in macro-financial assistance to Ukraine, with financial support for the country from the European Union (EU) rising to 70 billion euros since the start of the war.
In a statement released on Tuesday, the community leader indicates that “today he made the fourth payment of 1.5 billion euros as part of the macro-financial assistance package for Ukraine, the maximum amount of which is 18 billion euros.”
On a global scale, since the beginning of the war caused by the Russian invasion, EU support “to Ukraine and Ukrainians is about 70 billion euros,” the institution adds.
This total includes financial, humanitarian, emergency budgetary and military support to Ukraine from the EU, member states and European financial institutions, as well as resources provided to help European countries meet the needs of Ukrainians fleeing war.
As for the macro-financial assistance package set up to cover Kiev’s urgent funding needs, another €1.5 billion in aid released on Tuesday aims to allow the Ukrainian authorities to continue to “pay salaries and pensions and keep essential public services”. such as hospitals, schools and housing for displaced persons,” Brussels said in a statement.
“It will also allow Ukraine to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia during its war of aggression, such as energy infrastructure, water systems, transport networks, roads and bridges,” adds the executive community.
This payment comes after the European Commission, in an assessment completed last April, concluded that Ukraine continues to make satisfactory progress towards the implementation of the agreed policy terms and that it has complied with reporting requirements that aim to ensure transparent and efficient use of funds.
Brussels explains that Ukraine has made “important progress” in strengthening the rule of law, increasing financial stability, improving the functioning of the gas system and helping to improve the business climate, a conclusion that will allow the payment of a new monthly amount of 1 euro. 5 billion euros in June.
Since the beginning of the year, the EU has already mobilized 7.5 billion euros of macro-financial assistance.
The Russian military offensive on the territory of Ukraine, which began on February 24, 2022, plunged Europe into the most serious security crisis since the Second World War (1939-1945).
Author: Portuguese
Source: CM Jornal
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