New Booster For Ukraine Economy

New Booster For Ukraine Economy

The European Commission has proposed an unprecedented support package for Ukraine of up to €18 billion for 2023.

This stable, regular and predictable financial assistance – averaging €1.5 billion per month – will help cover a significant part of Ukraine’s short-term funding needs for 2023

See also: UN General Assembly Cast Vote On Holding Russia Accountable For Aggression Against Ukraine [Check out the vote results]

Thanks to this package, Ukraine will be able to keep on paying wages and pensions and maintain essential public services running, such as hospitals, schools, and housing for relocated people.

It will also allow Ukraine to ensure macroeconomic stability, and restore critical infrastructure destroyed by Russia in its war of aggression, such as energy infrastructure, water systems, transport networks, roads and bridges.

Source: European Commission

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