The European Commission will soon begin work on a long-term investment program for Ukraine, which aims to raise more than 6 billion euros. This was stated by the President of the European Commission Ursula von der Leyen in a separate message on Twitter.
On top of this, we will soon start work on a second, longer-term MFA program to support the country's modernization efforts and continue to invest in the country's future thanks to our Investment Plan for Ukraine.This plan aims to leverage over €6 billion in investments. pic.twitter.com/kGIP2wtb7N— Ursula von der Leyen (@vonderleyen) January 24, 2022
We will soon begin work on a second, longer-term macro-financial assistance program to support the country's modernization efforts and continue to invest in the country's future through our Investment Plan for Ukraine. This plan aims to attract more than 6 billion euros of investment,” said von der Leyen.
Earlier today, the President of the European Commission announced that the European Union will provide another financial assistance to Ukraine in the amount of 1.2 billion euros and the first 600 million euros will be provided in the near future.
After Russia and NATO failed to agree on the further activities of the alliance in Europe, the threat of a military development of the situation has sharply increased. As a result, investors began to actively sell Ukrainian bonds and withdraw currency from the country, which had a negative impact on the dollar exchange rate and securities quotes.
The strengthening of Ukraine's financial profile comes as NATO allies have put their armed forces on alert and sent ships and fighter jets to the Baltic Sea region.
“NATO will continue to take all necessary measures to protect and protect all Allies, including by strengthening the eastern part of the Alliance. We will always respond to any deterioration in our security environment,” said NATO Secretary General Jens Stoltenberg.
Tensions are rising as the West accuses Moscow of threatening to invade Ukraine by massing more than 100,000 troops on its border. Russia denies planning an invasion.