Borrell: EU's total aid to Ukraine hits €110 billion amid ongoing conflict

The European Union has already invested €42 billion in military supplies for Ukraine, with the total amount of aid reaching €110 billion, surpassing the support provided by the United States, said EU’s Chief Diplomat, Josep Borrell.

During a conference in Brussels, Borrell emphasized that the EU sent €42 billion to Ukraine solely for military purposes, and by the end of the year, this will rise to €45 billion, Caliber.Az reports, citing foreign media.

"If we include economic and financial assistance, the total has already reached €110 billion, which is more than what the US has provided," Borrell stated.

Notably, EU stands united and steadfast in its support for Ukraine, firmly condemning Russia's invasion. Since the onset of conflict, the EU has provided substantial assistance to Ukraine, amounting to over €88 billion in economic, humanitarian, and military support.

Moreover, in response to Russia's actions, the EU imposed a series of sanctions against individuals and organisations linked to the Kremlin. These measures aim to weaken Russia's economic base by depriving it of critical technologies and markets, thereby significantly reducing its capacity to continue waging war.

Importantly, the EU has taken care to ensure that its sanctions do not disrupt global food supplies. Therefore, the export of food and agricultural products, as well as related transactions, remain unaffected by these restrictions.

Looking ahead, a major global financial effort will be necessary to rebuild Ukraine once the conflict concludes. In this regard, the EU is already making significant contributions to bolster the country’s ongoing resilience.

Additionally, the EU has established a new initiative known as the Ukraine Facility, which is dedicated to providing Ukraine with up to €50 billion in stable and predictable financial support from 2024 to 2027.

By Aghakazim Guliyev