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EU to allocate €80 million to Ukraine for fight against Covid-19

Source : 112 Ukraine

The means aim at the healthcare system, support of small and medium-sized business and social assistance
17:37, 30 March 2020

eu commission
gazprom.ru

The European Union will provide the assistance package to Ukraine in the sum of €80 million to facilitate the influence of crisis with coronavirus on the healthcare system, lives of people and economy as the Delegation of the EU to Ukraine reported.

“We stand by Ukraine in these extremely difficult times. With this support package, we aim at saving lives and strengthening societal resilience. We support the Ukrainian response to a spike in health and social assistance needs as well as the protection of businesses and jobs. We know we need to act quickly and efficiently in reinforcing government and civic action,” Commissioner for Neighbourhood and Enlargement Olivér Várhelyi said.

First of all, the aid package will aim at the support of the healthcare system, including the financial contribution of the WHO for its work in Ukraine.

Related: Ukraine might receive $ 5 billion of IMF gratuitous assistance to fight against coronavirus, - MP

The entire Eastern Partnership region will get €30 million, including €20 million to meet the most immediate needs, proportionally the largest part of funds is provided for Ukraine. It will allow to purchase necessary medical means and equipment and strengthen the capacity of the healthcare system to respond to the disease outbreak. Ukraine will be able to use the new EU Initiative for Health Security, which aims to strengthen the readiness of epidemiologists and frontline health staff and consultations of the specialists of the European Centre for Disease Prevention and Control.

Secondly, the funds will be spent for support of the economy, particularly, small and medium-sized enterprises by the provision of liquidity, including through the international financial establishments.

“The EU is already working with IFIs and relevant financing institutions from EU Member States as TEAM EUROPE in order to facilitate, simplify and accelerate the uptake and reinforcement of existing credit lines and support programmes to SMEs, self-employed and other economic operators,” the message said.

Related: NATO to consider opportunity of providing Ukraine with additional assistance, - Secretary General

The commission will also provide €500 million of guarantees planned within the  European Fund for Sustainable Development for the facilitation of the provision of liquidity in the countries-neighbours of the EU, including through working capital, trade finance, or moratoria on debt service.

“At bilateral level in Ukraine, we are accelerating the launch of a new SME support programme (€20 million) under the 2020 EU budget, with a new €10 million made available for lending in hryvnas for SMEs. A programme in support of small farms of €25 million comes in addition to the €26 million allocated already in 2019,” the message noted.

Thirdly, the funds will be spent for support of people who are most affected by the crisis, in cooperation with civic partners. The first stage takes place on the attraction of at least €2 million from regional and bilateral tools to form the quick societal relief package in such spheres as protection of people belonging to vulnerable groups, the transition to online education, support of cultural and creative industries and continuation of cultural life online, fight against disinformation and strengthening of community resilience.

Related: Ukraine’s government to provide humanitarian aid to Donbas

In the east of Ukraine, the aid provides the procurement of protective suits for doctors and disinfectants as well as support to volunteers who deliver food and medicines to the older persons.

As we reported, in Ukraine, the number of patients, infected with Covid-19, has increased to 480. In the past 24 hours, 62 new cases have been registered.

 

 

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