EU to allocate €3.5 billion to Ukraine in March - EU Commission head
Photo: European Commission President Ursula von der Leyen (GettyImages)
European Commission President Ursula von der Leyen announced that the European Union will allocate 3.5 billion euros to Ukraine in March and will increase support for energy security. In addition, the EU will continue to supply Ukraine with weapons and ammunition, European Commission President Ursula von der Leyen says at the International Summit in Kyiv.
Today, February 24, 2025, Kyiv hosts the International Summit in Support of Ukraine, during which European Commission President Ursula von der Leyen made an important statement calling on the world to strengthen support for Ukraine in the face of Russia's ongoing aggression.
Von der Leyen began her speech by addressing Ukrainian President Volodymyr Zelenskyy and noted that February 24, 2022, is a day that will always be remembered as a day of shame when the world witnessed an attack on peaceful Ukraine.
The President of the European Commission emphasized that the war in Ukraine is not only an internal affair of the country but also a crucial issue for the whole of Europe and the world. She noted that Russia's main goal remains the capitulation of Ukraine, which could have dangerous consequences for international security.
The European Union continues to actively support Ukraine, having already allocated 134 billion euros in aid. In addition, thanks to the Ukraine Fund and the G7 loan, Ukraine's budget deficit for 2025 was closed.
The President of the European Commission also announced a new financial assistance package for Ukraine of 3.5 billion euros, which will be disbursed in March.
“In parallel, we must speed up the immediate delivery of weapons and ammunition. And this will be at the heart of our work in the coming weeks,” she added.
Ursula von der Leyen emphasized that support for Ukraine is not only about protecting its sovereignty but also about deterring aggression on a global scale.
In addition, the President of the European Commission announced a package for Ukraine's energy security, which includes the integration of the electricity market of Ukraine and Moldova with the European market and the development of renewable energy sources.
“All these efforts will result in greater energy security for both – Ukraine and the European Union,” von der Leyen said.
The summit also announced the adoption of the 16th package of sanctions against Russia, with increased punitive measures if Russia does not show readiness to reach a peace agreement.
On the third anniversary of Russia's full-scale invasion of Ukraine, the European Council adopted a new, 16th package of sanctions against Russia.
This large-scale package includes 83 items, including 48 individuals and 35 organizations responsible for actions that threaten the territorial integrity, sovereignty, and independence of Ukraine. The sanctions cover key sectors of the Russian economy.
