Members of the European Parliament backed a decision to reexamine the European Union budget for 2021-2027. It creates a special fund for Ukraine worth 50 billion euros, as stated on the official website of the European Parliament.
The EU will use a new financial tool to stabilize Ukraine’s economic and social situation and erase the effects of the war.
Prime Minister Denis Shmyhal said that Ukraine intends to get the initial portion of the €18 billion fund in 2022.
These funds will pay for social benefits, retirement support, and salaries for medical professionals and educators.