|Author (Corporate)||European Commission|
|Series Details||COM (2022) 233|
|Content Type||News, Policy-making|
Communication adopted by the European Commission on 18 May 2022, setting out plans for an immediate response from the European Union (EU) to address Ukraine's financing gap, as well as longer-term reconstruction framework.
Russia's invasion of Ukraine caused terrible human suffering and massive destruction of towns and communities. Lives and livelihoods have been lost and millions of people have forced from their homes. The EU has shown its support, providing emergency assistance to support resilience, humanitarian assistance, military aid and other support. It has also put forward measures to facilitate trade, and it has activated the Temporary Protection Directive for the first time.
With hostilities taking place across the whole country, the economic situation has deteriorated rapidly. A major global financial effort is required to support Ukraine during the war, as well as to rebuild the country and provide new opportunities to its citizens. It thus became important to design the main building blocks of such effort. The European Council agreed in March 2022 to develop a Ukraine Solidarity Fund.
This Communication sets out the EU's response to address Ukraine’s immediate financing gap and the longer-term reconstruction framework.
|Subject Categories||Economic and Financial Affairs, Politics and International Relations|
|Subject Tags||Bilateral Relations, Economic Governance | Situation, Wars | Conflicts|
|Keywords||War in Ukraine (2022-)
|Countries / Regions||Ukraine|
|International Organisations||European Union [EU]|