European Parliament Approves 50 Billion Euro Fund for Ukraine

The European Parliament has approved a proposal for a new fund for Ukraine – the ‘Ukraine Facility’ – amounting to 50 billion euros for the period 2024-2027, according to the press service of the Euroinstitution. During the voting on Tuesday, the European Parliament improved and approved the proposal to allocate 50 billion euros to support the recovery, reconstruction, and modernization of Ukraine starting from 2024.

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