June 28, 2024
2 mins read

EU releases € 1.9 bn for Ukraine

EU launched accession talks with both Ukraine and Moldova after receiving the nod from the bloc’s member states last week, Al Jazeera reported…reports Asian Lite News

The European Union on Thursday, disbursed Euro 1.9 billion for Ukraine amid its ongoing conflict with Russia.

European Union President Ursula von der Leyen, said that the fund under the Ukraine Facility is aimed to keep the Ukrainian state running as they “fight for freedom.”

She also termed the opening of accession negotiations with Ukraine as a “historic moment” and said Kyiv will find its “rightful place” in the Union.

“Dear @ZelenskyyUa the opening of accession negotiations was an historic moment. You will find your rightful place in our Union. Today we disburse a new EUR1.9 billion under the Ukraine Facility. To keep the Ukrainian state running as you fight for freedom,” the EU chief posted on X.

Earlier on Tuesday, the EU launched accession talks with both Ukraine and Moldova after receiving the nod from the bloc’s member states last week, Al Jazeera reported.

The agreement of the bloc’s 27 members was secured last week, despite efforts by Hungary to block the move.

However, there is no guarantee that the talks will ultimately lead to EU membership, as Turkey and several Western Balkan states have spent years in the accession process.

Notably, the ongoing Russia-Ukraine conflict has reinvigorated the EU’s efforts to expand its membership, much to Moscow’s chagrin.

Ukraine lodged its bid to join the bloc in the immediate aftermath of the invasion in February 2022. Neighbouring Moldova followed closely behind.

“These are truly historic moments. Ukraine is and will always be part of a united Europe,” President Volodymyr Zelenskyy said when the bloc’s members signed off on starting the talks.

“Millions of Ukrainians, and indeed generations of our people, are realising their European dream,” he added.

The launch of accession talks has started off a process of screening how far laws in the countries already comply with EU standards and how much more work lies ahead. The EU then has to begin laying out conditions for negotiations on 35 subjects – from taxation to environmental policy.

According to Al Jazeera, it appears unlikely that there will be progress towards the next step in the coming six months when Hungary will hold the EU’s rotating presidency. (ANI)

ALSO READ-Von der Leyen Nominated for EU’s Top Job Again

Previous Story

Sreeja Akula Aims for Olympic Upsets After Career-High Ranking

Next Story

Economic Crisis Grips Pakistan with No Exit

Latest from -Top News

Pakistan may face stricter IMF terms

The International Monetary Fund (IMF) will undertake its next funding review for Pakistan in the second half of 2025, with 11 new conditions now attached to the continuation of its Extended Fund

Indian diaspora in Japan backs Operation Sindoor

Members of the Indian diaspora in Japan have strongly endorsed Operation Sindoor, India’s targeted military response to the April 22 terror attack in Pahalgam, Kashmir, praising Prime Minister Narendra Modi’s leadership and

What Sri Lanka Can Learn from Pahalgam

If Sri Lanka’s support for India in combating terrorism is genuine, how can Pakistan—widely accused of using terrorism as a tool against India—be treated as an equal partner….writes A. Jathindra While references
Go toTop

Don't Miss

India’s tea export likely to hit due to Ukraine crisis

India’s total tea exports to CIS countries, including Russia is

Ukraine’s First Lady calls for global solidarity against Russia’s aggression

Her current role marked a shift from the traditional first-lady