European Commission allocates 3.4B euros for Ukrainian refugees

To support Member States welcoming and accommodating refugees fleeing the war in Ukraine, the European Commission has proposed to increase by 3.4 billion euros the total pre-financing from the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), Report informs referring to the Commission’s website.

Once adopted by co-legislators, this immediate injection of liquidity, in combination with the flexibility introduced by Cohesion's Action for Refugees in Europe (CARE), will speed-up Member States' access to funds to spend on infrastructure, housing, equipment and services in employment, education, social inclusion, healthcare and childcare.

“The illegal and unjustified invasion by Russia has forced more than 3 million Ukrainians to flee their country, and this number is growing by the day. Member States and civil society have shown remarkable solidarity and the EU is stepping up its action to ensure that the necessary support reaches all those who are hosting them,” Commissioner for Cohesion and Reforms, Elisa Ferreira, said.

Latest news

Bitcoin price drops over 2% 27 April, 2024 / 17:14