The European Parliament agreed to allocate €5 billion in financial aid to Ukraine

The European Parliament supported the EUʼs decision to allocate €5 billion in financial aid to Ukraine. This is the second part of a total aid package of €9 billion.

The press service of the European Parliament writes about it.

"Ukraineʼs needs for external financing increased rapidly due to the Russian invasion. In addition to massive damage to roads, bridges, factories, homes, hospitals and other physical infrastructure, the country also lost access to international financial markets," the European Parliament noted.

534 deputies voted for the decision to allocate funds, 30 were against and 26 abstained.

This will be the second and largest tranche of a total aid package of €9 billion. Previously, Ukraine received only one billion from this package.

The European Parliament emphasizes that despite many promises of financial support, Ukraine still needs about €9.8 billion to cover the budget deficit.

• On September 10, during the 17th annual meeting of the Yalta European Strategy (YES), the Prime Minister of Ukraine Denys Shmyhal stated that the International Monetary Fund is now "deviating" in supporting Ukraine.
• On September 2, it became known that the U.S. President Joe Biden will ask Congress to allocate $11.7 billion for military and financial support to Ukraine.