EU announces 50 billion euro aid package for Ukraine

Houses destroyed by conflict in Kramatorsk, Ukraine, June 14, 2023. Photo: AFP/TTXVN

The package, expected to be announced by European Commission President Ursula von der Leyen, comes after the bloc's 2021-2027 budget revision and ahead of an international conference in London on June 21-22 on fundraising to help rebuild post-conflict Ukraine.

A senior EU official said the package includes 33 billion euros in macro-financial assistance to help replenish Ukraine's national coffers, of which the EU has committed to provide 18 billion euros in 2023 alone.

Ahead of an international conference in London, a senior Ukrainian official said Kiev was seeking $40 billion for the first phase of a Green Marshall Plan to rebuild the post-conflict economy .

The World Bank (WB) estimates that rebuilding Ukraine will require more than 400 billion USD, three times the country's GDP.

According to THUC ANH (Vietnam News Agency)

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