World

The EU will provide a 1.2 billion aid package to Ukraine

by

MEPs today agreed on the urgent vote on a new € 1.2 billion package of European aid to Ukraine.

The loan will be granted in two installments over a twelve-month period. It was proposed by the European Commission at the end of January and approved by the Member States of the Union on Friday.

A second vote, endorsing the proposal, will take place during the European Parliament plenary session in Strasbourg, which will last until Thursday, according to a parliamentary representative.

According to Commission President Ursula von der Leyen, the Union and its financial institutions have already activated “17 billion euros in subsidies and loans” to strengthen Ukraine after the annexation of Crimea by Moscow in 2014.

Nearly eight years after the annexation, which is also considered illegal by the Union, the conflict between Ukraine and Russia intensified, with Moscow backing pro-Russian separatists in the self-proclaimed republics of Luhansk and Donetsk in Donbass and mobilizing troops. Ukrainian border.

Although relations between Moscow and Western powers have been at the height of tensions in recent weeks, Russia today ordered the return to its barracks of some of the units deployed on the Ukrainian border as a first sign of recession.

Follow Skai.gr on Google News
and be the first to know all the news

EUhelp packagenewsRussian-Ukrainian crisisSkai.grUkraineWorld

You May Also Like

Recommended for you