Business news from Ukraine


The European Union has approved a humanitarian budget of EUR 1.4 billion, of which EUR 28 million will be allocated to finance projects to overcome the crisis caused by coronavirus (COVID-19) pandemic and climate change in Ukraine, the Western Balkans and the Caucasus. The relevant information was circulated by the European Commission in Brussels on Tuesday. “As global humanitarian needs worsen further due to the consequences of the coronavirus pandemic and the effects of climate change, the European Commission has adopted its initial annual humanitarian budget of EUR 1.4 billion for 2021. This represents an increase of more than 60% compared with the initial humanitarian budget of EUR 900 million adopted last year,” the commission said in a press release.
In addition, EUR 505 million will be allocated to Africa to support people affected by the long-term Lake Chad Basin crisis, impacting Nigeria, Niger, Cameroon, and Chad; those suffering from food and nutrition crisis, worsened by security incidents and community conflicts, in the Sahel (Burkina Faso, Mali, Mauritania, and Niger); and those displaced by armed conflicts in South Sudan, Central African Republic and Horn Of Africa (Somalia and Ethiopia).
Some EUR 385 million of EU humanitarian funding will be allocated to the needs in the Middle East and Turkey to help those affected by the Syria regional crisis, as well as the extremely severe situation in Yemen. Some EUR 180 million in humanitarian assistance will continue to help the most vulnerable populations in Asia and Latin America. In Latin America, this includes those affected by the crises in Venezuela and Colombia.
“The European Union will also continue to provide help in Asian countries such as Afghanistan, where the conflict has been qualified as one of the deadliest conflicts worldwide, and Bangladesh, which is currently hosting almost one million Rohingya refugees from Myanmar. The EU will also allocate EUR 28 million to fund projects addressing crises in Ukraine, Western Balkans and the Caucasus,” the commission said in the statement.
The rest of the funding, EUR 302 million, will be used for EU humanitarian air services and for unforeseen humanitarian crises or sudden peaks in existing crises.

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