Trust Fund of Solidarity with Ukraine will start working on May 5.
Trust Fund for Solidarity with Ukraine to open on May 5 . This was announced by the President of the European Council Charles Michel during a press conference with the President of Ukraine Volodymyr Zelensky in Kyiv, Interfax-Ukraine reports.
“We are determined to do everything possible to support Ukraine, because we want Ukraine to win, and so we use all possible tools in our hands. Of course, financial support is very important. My president and I had the opportunity to do more in detail. So something Weeks ago, after a telephone conversation, we decided to launch a trust fund in solidarity with Ukraine. In the coming days, May 5, it will be the starting point of this trust fund, from the International Donors' Conference, “Michel said.
added that the fund will be organized by Poland, Sweden, with the support of the European Commission, all member states, as well as with the support of many international actors.
Michel stressed that the EU is also working closely with international organizations such as the IMF, the World Bank and others to make sure that the EU can mobilize support to enable Ukraine to pay social security.
Read also: European Union will create a fund for the reconstruction of Ukraine and continue to strengthen sanctions – Charles Michel and Ursula von der Leyen
Earlier it was reported that Europe expects to pay most of the costs of reconstruction of Ukraine, Brussels estimates a trillion dollars strong> needed for recovery.
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