Ukraine will receive the first billion euros from the EU as part of the Rapid Recovery plan.
This was stated by the President of the European Commission, Ursula von der Leyen, following the results of the "Ukraine-EU" summit.
"Rebuilding houses, roads, infrastructure, schools, hospitals is a daily job that needs to be done. Thatʼs why itʼs so important that we start Rapid Recovery immediately," she emphasized.
She added that the European Commission has already created a special secretariat that coordinates the financing processes for the rapid recovery of Ukraine.
"That is why we are starting immediately," von der Leyen said.
She also announced the tenth package of sanctions against Russia, which will cost the Kremlin about €10 billion and will cover technology and sanctions circumvention.
"The tenth package of sanctions is on the way. We will implement it by February 24. Its volume will be about €10 billion," said von der Leyen.
She emphasized that the sanctions package focused on technologies that should not be used by the Russian military machine.
"We are taking a deeper look at components found in drones, for example, to make sure they are not available to Russia," von der Leyen said.
- Energy, housing, demining, critical social infrastructure and assistance to private business are the main five priorities of the emergency recovery of Ukraine in 2023, for which it is planned to attract $17 billion. According to the government, the financing needs for the reconstruction of Ukraine confirmed by the World Bank in June of last year amounted to $350 billion, currently they are estimated at $600-700 billion.