Business news from Ukraine

Business news from Ukraine

SWITZERLAND TO GRANT CHF 80 MLN FOR HUMANITARIAN ASSISTANCE TO UKRAINE

The Swiss Federal Council has decided to increase humanitarian aid to Ukraine and other countries of the region to CHF 80 million.
“In response to the refugee crisis, the Federal Council, at its meeting on March 11, decided to increase humanitarian assistance to Ukraine to CHF 80 million. With this contribution, Switzerland expresses its solidarity with the people of Ukraine in difficult times,” the Federal Council said in a statement on Friday.
A quarter of this amount will go to help Ukrainian refugees in neighboring countries. Three quarters are intended to help those who remained in Ukraine. The funds will benefit the Red Cross and Red Crescent Movement, UN agencies, international and local NGO and projects implemented by the Swiss Agency for Development and Cooperation (SDC) in Ukraine.
About 12 million people are currently dependent on emergency assistance as a result of Russia’s attack on Ukraine.

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