The President of the European Council Charles Michel had new communication with the President of Ukraine Volodymyr Zelensky.
“I shared with President Zelensky how we are collectively strengthening our support in Ukraine. “We discussed specific elements in the ongoing negotiations between Ukraine and Russia,” he said in a twitter post. Charles Michel.
Adds that there is support for the “creation Solidarity Fund for Ukraine to help provide basic services and meet the immediate needs of citizens “. According to the President of the European Council, “The Fund will provide liquidity for continued support to the authorities and in the long run will serve as the backbone for rebuilding a free and democratic Ukraine as soon as hostilities cease. “The partners could contribute to the Fund through an international donors’ conference.”
According to a European official, the two presidents discussed the fact that Ukraine needs access to international liquidity to finance the import of basic necessities and military equipment, as in the current circumstances Ukraine is not able to issue bonds in the international financial market to meet its needs while withdrawing private investment.
Hence, Michelle and Zelensky investigated the creation of a Ukrainian Solidarity Fund that would help the country sustain its effort in the war.
The Solidarity Fund of Of Ukraine will provide, in the short term, the liquidity for the continuation of the government authorities, the ongoing defense efforts and the provision of basic services to meet the immediate needs of citizens (housing, food, health care) for the dealing with a state of war.
In the long run, huge investments are needed to rebuild the economy (infrastructure, networks, businesses), with a view to economic consolidation in the West. THE Charles Michel “The EU will continue to stand by you in the face of Kremlin aggression,” he said in a statement. Finally, the President of the European Council informed Volodymyr Zelensky about the communication he had during the week with Vladimir Putin.
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