EU Lawmakers Endorse Support Package to Ukraine
European Commission President Ursula von der Leyen praised the swift passage of the measure, emphasizing the European Union’s ongoing dedication to supporting Ukraine.
"Ukraine's courage is unshakable. And so is Europe's resolve to stand by its side. Today and tomorrow! Because a strong Ukraine makes all of Europe safer," she stated on the US-based social media platform X.
According to the outlined plan, the EU assistance will be distributed to Ukraine via two principal mechanisms.
From the overall sum, €30 billion ($35.8 billion) will be allocated as macroeconomic backing, delivered either through macro-financial assistance programs or the Ukraine Facility, the EU’s specialized mechanism established to provide consistent and reliable fiscal aid to Kyiv.
The remaining €60 billion ($71.5 billion) is designated to enhance Ukraine’s defense manufacturing capabilities and facilitate the acquisition of military hardware, ensuring the country receives prompt access to defense supplies from both domestic Ukrainian producers and EU-based defense firms.
European Parliament President Roberta Metsola remarked that the decision represented "a vital lifeline" for Ukraine, highlighting that the financial support would safeguard the continuation of critical public services while strengthening the nation’s defense infrastructure.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
