European Parliament Approves Aid Package to Ukraine
European Commission President Ursula von der Leyen expressed approval of the parliament’s swift endorsement 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 wrote on the US social media platform X.
According to the outlined structure, the EU’s financial assistance will be distributed to Ukraine via two primary mechanisms.
From the overall sum, €30 billion ($35.8 billion) will be allocated as macroeconomic aid, either in the form of macro-financial support or through the Ukraine Facility, the EU’s specialized mechanism established to provide consistent and reliable funding to Kyiv.
The remaining €60 billion ($71.5 billion) is designated to enhance Ukraine’s defense manufacturing sector and facilitate the acquisition of military hardware, ensuring the country receives prompt access to defense supplies from both domestic Ukrainian producers and defense companies within the EU.
European Parliament President Roberta Metsola stated that the approval represented "a vital lifeline" for Ukraine, highlighting that the assistance would safeguard the continuation of crucial public services while simultaneously strengthening the nation’s defensive capabilities.
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