Ukraine received €500 million in grant funds from the EU for the humanitarian sphere
- Author:
- Kostia Andreikovets
- Date:
The Government of Ukraine received €500 million in grant aid from the European Union as part of the Contract on State Development and Strengthening of Resilience (III) signed on September 5.
This is reported on the government website.
The funds will go to the state budget. They will be used to finance the most urgent expenses, in particular, in the social and humanitarian spheres.
Part of the money will be spent on uninterrupted production of agricultural and food products, including at the expense of small farmsʼ access to working capital.
- On September 15, 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.
- On the same day, Ukraine received the first €500 million in immediate aid from the European Investment Bank for infrastructure repairs.