“Ukraine’s external financing needs increased rapidly due to the Russian invasion. In addition to extensive damage to roads, bridges, factories, homes, hospitals and other physical infrastructure, the country has also lost access to international financial markets.“, Justifies the Parliament.
The text was adopted on Thursday in plenary with an urgent procedure, by a very large majority (534 in favor, 30 against, 26 abstentions).
To release the funds, the Commission will still have to sign a loan agreement with the Ukrainian authorities.
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