EU allocates €4.9 billion to support Ukraine
Published
The Council of the European Union on Monday, 26 October, approved a decision to mobilise €4.9 billion for Ukraine. These funds will be provided within the framework of the European Peace Facility. The facility was established to support partner countries and strengthen security.
The decision was officially approved at a meeting of the EU Council. This means that Ukraine will receive financial assistance from the European Union. The money may be used to support the Ukrainian army and for the country's security needs. The EU makes such decisions regularly when it is necessary to support Ukraine.
This support is part of the broader efforts of the European Union to assist Ukraine. The European Peace Facility allows the EU to finance defence measures and military assistance to partners. For the Ukrainian side, this is important financial support in wartime conditions.
With this decision, Ukraine receives new financial support from its partners in the European Union. Further details on the use of the funds will be determined separately.
Sources: Ukr.net
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