EU's Von Der Leyen Announces $1.4Bln In Emergency Aid To Support Ukraine Amid Tensions
Muhammad Irfan Published January 24, 2022 | 04:48 PM
European Commission President Ursula von der Leyen announced on Monday a package of conflict-related emergency assistance to Ukraine worth 1.2 billion euros ($1.4 billion)
MOSCOW (UrduPoint News / Sputnik - 24th January, 2022) European Commission President Ursula von der Leyen announced on Monday a package of conflict-related emergency assistance to Ukraine worth 1.2 billion Euros ($1.4 billion).
"This package will help Ukraine now to address its (Ukraine's) financing needs due to the conflict.
We count on the Council and the European Parliament to adopt this emergency MFA (macro-financial assistance package) as soon as possible," she said in a statement.
Von der Leyen said the package would be made up of both loans and grants. The first tranche of 600 million euros will be disbursed rapidly as soon as the package is approved. The Commission will also almost double its bilateral assistance to Ukraine in grants this year, allocating another 120 million euros to support Ukraine's state building and resilience efforts.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From World
-
NFL will allow players to wear Guardian Cap helmets in games
2 hours ago -
Football: German Bundesliga table
2 hours ago -
Football: Italian Serie A result
2 hours ago -
Football: German Bundesliga results
2 hours ago -
US troops to leave Chad in second African state withdrawal
2 hours ago -
Plastics pollution may be solved without production cap: Canada minister
2 hours ago
-
Biden stalls on menthol cigarette ban fearing Black vote backlash
2 hours ago -
Champions Alcaraz and Sabalenka through in Madrid Open
2 hours ago -
6,000 French police to welcome Olympic torch amid bonus boost
3 hours ago -
Taiwan hit by several quakes, strongest reaching 6.1-magnitude
3 hours ago -
'Ballistic' Bairstow stars as Punjab pull off record T20 chase
3 hours ago -
Tennis: ATP/WTA Madrid Open results - 2nd update
3 hours ago