European Council President Antonio Costa announced the EU’s intention to meet Ukraine’s financial needs for the next two years. This commitment comes as part of the bloc’s efforts to support Ukraine amid the ongoing conflict with Russia. The announcement underscores the EU’s dedication to ensuring Ukraine has the necessary financial resources to sustain its operations and recovery efforts.
Costa emphasized that the financial assistance will cover key areas such as defense, energy security, and reconstruction. The EU’s support is expected to play a crucial role in Ukraine’s ability to maintain its military operations and rebuild its infrastructure. The financial aid will be allocated through various funding mechanisms, including the European Peace Facility and the Recovery and Resilience Fund.
Ministers from member states are expected to discuss the details of the financial package in upcoming meetings. The plan aims to provide sustained support over the next two years, ensuring that Ukraine can continue its efforts to secure its sovereignty and territorial integrity. The financial assistance is part of a broader strategy to stabilize the region and promote long-term peace and security.