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Representation in Ireland
News article18 May 2022Representation in Ireland1 min read

Ukraine: European Commission presents plans for the Union's immediate response to address Ukraine's financing gap and the longer-term reconstruction

The European Commission set out today plans for the EU's immediate response to address Ukraine's financing gap, as well as the longer-term reconstruction framework.

EU and Ukrainian flags

This Communication follows from the European Council call to address the consequences of the war in Ukraine via a dedicated Europe-led effort.

Addressing Ukraine's significant short-term financial support to sustain basic services, address humanitarian needs and fix the most essential destroyed infrastructure will require a joint international effort, in which the Union will be ready to play its part.

To support the reconstruction plan, the Commission proposes to set up the ‘RebuildUkraine' Facility as the main legal instrument for the European Union's support, through a mix of grants and loans.

Ursula von der Leyen, President of the European Commission, said:

“The unprovoked and unjustified Russian invasion of Ukraine has caused terrible human suffering and massive destruction across the country, forcing millions of innocent Ukrainians to flee their homes. Ukraine can count on the EU's full support. The EU will continue to provide short-term financial support to Ukraine to meet its needs and keep basic services running. And we stand ready to take a leading role in the international reconstruction efforts to help rebuild a democratic and prosperous Ukraine. This means, investments will go hand in hand with reforms that will support Ukraine in pursuing its European path.”

More information

Full press release

Communication: Ukraine relief and reconstruction



Publication date
18 May 2022
Representation in Ireland