Netherlands to allocate new comprehensive support package for Ukraine

The Netherlands will provide Ukraine with a second comprehensive support package totaling more than 118 million euros. The funds will be used for humanitarian needs and economic assistance, the Government of the Netherlands said, Report informs via RBC-Ukraine.

It is noted that 93 million euros will come from the government reserve of 2.5 billion euros to support Ukraine in 2023, and another 25 million euros from the budget for foreign trade and development of cooperation.

The Netherlands will allocate 83 million euros for the restoration and healthcare system of Ukraine. Of these, 58 million euros will be used to repair infrastructure and houses. The remaining 25 million euros are allocated for medical equipment and support for mobile clinics.

Besides, the Netherlands will allocate 10 million euros for emergency assistance to eliminate the consequences of the Kakhovska hydroelectric power station destruction perpetrated by Russia. Another 875 million euros will go to support Ukrainian human rights activists.

In addition, the Government of the Netherlands is allocating 25 million grants to businesses and public organizations to contribute to the restoration of Ukraine, primarily in the areas of agriculture, water supply and healthcare. Grants can be applied from September.

Additional financial support will also be provided to one of the Ukrainian companies to open a plant for the production of building materials in the western part of Ukraine.

The Netherlands is also exploring the possibility of risk insurance for companies that export to or invest in Ukraine through a guarantee or insurance mechanism.