The EU prepares a € 1.2 billion aid package for Ukraine

The European Commission announced on Monday that it is preparing an emergency aid package worth € 1.2 billion for Ukraine amid growing concerns about Russia amassing its forces on the border with its neighbor. .

Commission President Ursula von der Leyen said in a short speech in Brussels that this is a new “emergency aid package” which has yet to be ratified by the European Parliament and the Member States.

He noted that since the start of the conflict in 2014, the European Union and its financial institutions have mobilized “€ 17 billion in grants and loans “for Ukraine.

The new aid, amounting to 1.2 billion euros, will be granted in multiple stages.

Von der Leyen explained that the first payment of € 600 million will be “disbursed quickly”, provided other EU bodies act in a timely manner.

He noted that Brussels’ efforts are aimed at “doubling” bilateral aid between the European Union and Ukraine in grants quest’year.

“This package of measures will help Ukraine meet its funding needs in in the midst of the conflict, “said the German official, adding:” As always, the EU stands alongside Ukraine in these difficult circumstances “.

Almost eight years after Russia annexed Ukrainian Crimea, which the European Union deemed illegal, the conflict between the two countries has once again intensified.

Despite Moscow’s assertion that it does not want to intervene in Ukraine, supports the pro-separatists, as well as accumulating over 100,000 soldiers and artillery on the border with Ukraine.

In this context, NATO announced in a statement, today, Monday, that his countries are preparing to make in alert the reserve forces and who have sent ships and fighters to strengthen their defenses in Eastern Europe.

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