ISTANBUL: The first €3 billion(about $3.25 billion) tranche of a€ 18 billion macro-financial aid package that the EU allocated for Ukraine last month will be expended on Tuesday, the bloc blazoned.
” Helping Ukraine meet its backing needs to face the Russian aggression is both pivotal and critical,” European Commission President Ursula Von der Leyen said Monday on Twitter.
” The Commission is acting with utmost speed and determination,” Von der Leyen said, adding that the first€ 3 billion of the promised finances would be expended on Tuesday.
On Dec. 10, 2022, the European Council espoused the backing package, aiming to enable the EU to financially help Ukraine in 2023 with €18 billion. The decision was latterly approved by the European Parliament on Dec. 14.
In line with an offer by the European Commission, the plutocrat will be used to support essential public services, including hospitals and seminaries, and give casing for dislocated people, as well as the restoration of the critical structures destroyed by Russia, the European Parliament said.
Source: Express Tribune
