The European Union will urgently provide Ukraine with assistance to “address its financing needs due to the conflict,” President of the European Commission Ursula von der Leyen told journalists on Monday. The Commission plans to allocate an initial €1.2 billion ($1.36 billion) as part of “an emergency macro-financial assistance package,” she announced.
The announcement comes amid heightened tensions in Europe. In recent months, the US and its European allies have been accusing Moscow of planning to invade Ukraine – something the Kremlin has repeatedly denied. The tense situation has led to security talks between Russia, the US, and NATO, which have yielded no results so far, with Moscow’s security proposals rejected by Washington and the alliance.
Meanwhile, the US and the UK started delivering “lethal aid” to Ukraine last week as part of an effort to thwart supposed Russian aggression. Almost 100 tons of “lethal aid,” including ammunition intended for “the front line defenders of Ukraine,” were delivered to Ukraine on January 22, the US embassy in Kiev said.
Brussels “counts on” the Council of the European Union, which consists of member states’ ministers, and the European Parliament to swiftly adopt the measure, von der Leyen said, adding that the EU could then “proceed to the rapid disbursement of the first tranche of €600 million” ($679 million).
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