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EU to support Ukraine in its COVID-19 fight with €1.2 billion

Source : 112 Ukraine

The allocated funds will help guarantee Ukraine’s macroeconomic stability
14:26, 22 April 2020

Office of the President of Ukraine

European Commission has announced its decision to provide Ukraine with 1 billion 200 million euros in order to support it during the COVID-19 pandemic. This was reported by the press service of the President’s Office.

President of Ukraine Volodymyr Zelensky called this assistance unprecedented in its volume.

"This is an unprecedented sum of macro-financial assistance. The EU's decision is not only a manifestation of solidarity in difficult times. It is a testimony that Ukraine made no mistake by making the European choice. Hard times will always reveal true friendship," Zelensky said.

Related: USA allocates $1.2 million to Ukraine for fight against coronavirus

The European Commission’s proposal must be subsequently endorsed by the European Parliament and the Council. In its turn, the European Commission is counting on early approval, given the urgency of the problem.

As we reported earlier, the World Bank assigned another 135 million dollars for Ukraine, 35 of which are supposed to be used for deterring the spread of coronavirus disease in this country.

According to Ukraine's Healthcare Minister, 20 million of the said sum will be used to purchase the necessary materials and equipment for combating COVID-19. Another 15 million are supposed to cover the financial needs of medical institutions.

Related: Two peaks of Covid-19 expected in Ukraine, - PM

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