Financial assistance

EU announces additional aid of $220 million for Ukraine amid humanitarian crisis

Amid Russia’s invasion of Ukraine, the European Commission announced an additional 205 million euros ($220 million) in aid for the war-torn country to ease the growing humanitarian crisis, reports CNN.

“This brings the EU’s total humanitarian aid in response to the war to €348 million, of which €13 million is dedicated to Moldova to support displaced people arriving in the country,” Balazs Ujvari told CNN. , quoting the European Commission’s spokesperson for budget and human resources, humanitarian aid and crisis management.

Under the new emergency macro-financial assistance (MFA) programme, the European Union disbursed €300 million in March, the first installment of a €1.2 billion package to support war-torn Ukraine.

In addition, the European Commission is preparing measures to ensure food security in the European Union and in the rest of the world because the situation in Ukraine is constraining “one of the main exporters of foodstuffs to the world”.

On February 24, Russia launched a military operation in Ukraine, responding to calls for help from the breakaway republics of Donetsk and Luhansk to counter the aggression of Ukrainian troops.

Nearly 14 million Ukrainians have been forced to flee their homes due to the Russian-Ukrainian conflict, according to United Nations (UN) estimates and most of those displaced are women and children. The conflict has left 15.7 million Ukrainians in need of humanitarian assistance, some of them without access to water and electricity.

Three million children inside Ukraine and more than 2.2 million children in countries hosting refugees are now in need of humanitarian assistance. Nearly two out of three children have been displaced by the relentless rocket attacks and fighting between the two nations.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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