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EU aims to start payments to Ukraine in March: chief executive

06.02.2024 09:00
The European Union's chief executive, Ursula von der Leyen, has announced that the EU will next month start channeling funds to Ukraine as part of its new EUR 50 billion Ukraine Facility.
Ursula von der Leyen
Ursula von der Leyen EPA/STEPHANIE LECOCQ

"Last night’s political agreement on the €50 billion Ukraine Facility is a major step forward," von der Leyen said in a social media post on Tuesday.

"Europe is true to its word," she added.

"We will continue to deliver much-needed funding and predictability for our brave partner and aspiring member," von der Leyen declared.

"We aim to start payments in March," she announced.

Last Thursday, EU leaders unanimously agreed to extend EUR 50 billion in new aid to Ukraine, overcoming weeks of resistance from Hungary.

Von der Leyen at the time hailed a "good phone call" with US President Joe Biden after Europe agreed on EUR 50 billion in financial aid for Ukraine.

"We agreed that Ukraine needs to continue receiving broad support from its partners," von der Leyen said on the X social media platform.

"We will jointly stand at Ukraine's side as long as it takes," she added.

Russia invaded Ukraine on February 24, 2022, launching the largest military campaign in Europe since World War II.

Monday is day 713 of Russia’s war on Ukraine.


Source: PAP