The European Union is planning to spend 6.5 billion euros ($7.3 billion) on five flagship projects in Ukraine, Commissioner for Neighborhood and Enlargement Oliver Varhelyi said on Wednesday
MOSCOW (Pakistan Point News / Sputnik - 26th January, 2022) The European Union is planning to spend 6.5 billion Euros ($7.3 billion) on five flagship projects in Ukraine, Commissioner for Neighborhood and Enlargement Oliver Varhelyi said on Wednesday.
"In Kyiv today: with President (of Ukraine Volodymyr Zelenskyy) I confirmed EU's continued commitment to Ukraine's sovereignty & territorial integrity + socio-economic resilience. We will mobilise up to ��6.5 billion in investments to support economy, recovery, growth, starting w 5 flagship projects," Varhelyi tweeted.
The official also stated that the European Commission has proposed to allocate 1.2 billion euros in macro-financial assistance and additional 120 million euros in bilateral assistance.
In late 2014, the Ukrainian parliament canceled the non-aligned status of the country and four years later adopted an amendment to enshrine the EU and NATO membership policy course in the country's constitution.
