EUR 50 billion in aid: The European Parliament approved the distribution of funds for the reconstruction of Ukraine

The European Parliament decided to transfer EUR 50 billion to the Ukrainian Fund. The money will be allocated to support the reconstruction, reconstruction and modernization of Ukraine in 2024-2027. They want to take funds from frozen assets of the Russian Federation or from people associated with Russia who support the war with Ukraine.

The European Parliament approved the allocation of EUR 50 billion to Ukraine for 2024-2027. 512 MPs voted in favor of it, while 45 MPs were against it. As stated on the European Parliament's website, these funds will be directed to the reconstruction of Ukraine.

"During Tuesday's vote, the European Parliament refined and approved the proposal to allocate EUR 50 billion to support the reconstruction, reconstruction and modernization of Ukraine from 2024,"

the statement reads.

The European Parliament plans to create a new fund for Ukraine

MEPs insist that the Fund and a new budget must be agreed as soon as possible.

“From 2024, there will be no provisions regarding aid for Ukraine. The package must also be included in next year's annual budget, which will be negotiated in November," said the European Parliament.

Use of Russian assets, fight against corruption

One of the key demands of Members of the European Parliament is the use of Russian assets or funds of legal entities or natural persons that are directly related to the aggressive war in the Russian Federation for the reconstruction of Ukraine, the European institution noted.

The European Parliament "also tightened rules on combating fraud, corruption, conflicts of interest and violations of the use of EU funds in Ukraine."

"Companies under the influence of oligarchs should not have the right to financing"

MEPs added.

For 93% of Ukrainians, security in Ukraine is the most important thing. 79% clearly indicated that the decision to return depends on the end of the war. 90% want to receive basic services at home without any problems (education, medicine, employment, etc.). For 52%, support after return and reintegration are important factors.