Business news from Ukraine

European Parliament approves EUR 50 bln for Ukraine

3 October , 2023  

The European Parliament has voted in favor of revising the EU budget for 2021-2027, which provides for the creation of a special fund of EUR 50 billion to help Ukraine.

According to the press service of the European Parliament, the amendments on the mid-term review of the Multiannual Financial Framework for 2021-2027 were approved by 393 votes to 136 and 92 abstentions.

“Our goal was an ambitious but realistic proposal for the MFF review, and we managed to keep it focused but comprehensive. We aim to stabilize the situation in Ukraine with a new EUR 50 billion fund while supporting the EU economy,” said MEP Jan Olbricht.

In her turn, MEP Margarida Marquez noted that today the Parliament has identified the financial resources needed for the next four years.

“We urge the Rada to join us in the negotiations. By December 31, 2023, we want to have adequate funds to support Ukraine and continue to mitigate the social and economic consequences of the war, as well as rising inflation and living costs,” she said.