EU Allocates Frozen Russian Assets to Aid Ukraine's Winter Needs
The European Commission is reallocating 160 million euros from frozen Russian assets to support Ukraine's winter humanitarian needs. Additionally, an effort to restore 3.5 GW of power capacity is underway, partially through relocating a fuel power plant from Lithuania to replace destroyed thermal plants in Ukraine.
- Country:
- Belgium
The European Commission announced that 160 million euros from frozen Russian assets will be allocated to address Ukraine's urgent humanitarian needs for the coming winter, as stated by European Commission President Ursula von der Leyen on Thursday.
Von der Leyen also revealed plans for a Lithuanian fuel power plant to be dismantled and transported to Ukraine. The move aims to help restore energy infrastructure in a country where 80% of thermal power plants have been destroyed amid ongoing conflict.
"We aim to restore 3.5 GW of capacity, which is 15% of Ukraine's needs," she added.
ALSO READ
-
KSrelief and UNDP Launch $5M Lifeline for Ukraine’s War-Affected Hospitals
-
Colombia Bets on Vaccine Manufacturing to Build Health Security and Cut Import Dependence
-
Colombia Gets €15 Million Boost to Build Vaccine Capacity and Cut Import Dependence
-
Poltava University Reopens With Safer, Greener Spaces for Nearly 3,000 Campus Users
-
France Plans Housing Hub to Unlock European Funding and Technical Expertise
Google News