European Parliament Approves 50 Billion Euro Fund for Ukraine

The European Parliament has approved a proposal for a new fund for Ukraine called the ‘Ukraine Facility’ with a budget of 50 billion euros for the period of 2024-2027, according to the European Union’s press service. During the vote on Tuesday, the European Parliament improved and endorsed the proposal to allocate 50 billion euros to support the recovery, reconstruction, and modernization of Ukraine starting from 2024.

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