Skip to content
Edit post

Finland allocates 92 million euros to aid Ukraine, countries affected by Russia’s aggression

by Dinara Khalilova October 10, 2023 10:56 AM 2 min read
People look on damaged residential building in the city centre on Oct. 8, 2023 in Kharkiv, Ukraine. (Oleksandr Magula/Global Images Ukraine via Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

Finland’s Foreign Ministry announced on Oct. 9 allocating an additional 92 million euros ($97 million) to provide humanitarian support to Ukraine, Moldova, and other countries affected by Russia’s war.

In Ukraine, the assistance will address needs in the health, transport, energy, agriculture, housing, and social security sectors, according to the ministry.

The funds will contribute to the Crisis Facility launched by the World Bank Group’s International Development Association (IDA) earlier this year.

Finland will send 62 million euros to Support Programme for Ukraine and Moldova Recovery, from which 12 million will be allocated as a grant and 50 million as a loan, reads the announcement.

Kenneth Rogoff: Europe must lead Ukraine’s reconstruction
Who should pay for Ukraine’s postwar reconstruction? Shortly after Russia’s invasion, my co-authors and I estimated that it would cost roughly €200-500 billion ($220-550 billion) to rebuild the country and called for Europe to spearhead the recovery effort. After more than 500 days of de…

In Ukraine, the program aims to improve access to healthcare services, increase the availability of services to address acute energy shortages, repair infrastructure and housing as well as support agricultural activities.

“It will also accelerate long-term efforts to support Ukraine’s recovery and the reconstruction of critical sectors,” the ministry wrote, adding that special attention will be paid to the rights of women and people with disabilities.

In Moldova, the IDA Crisis Facility will mainly help cover the costs of hosting Ukrainian refugees, as well as finance development programs and ensure preparedness for crises.

Finland said the remaining 30 million euros will be provided in loans to countries affected by Russian aggression to help prevent the spread of infectious diseases, among other efforts.

The dead villages: Hope and despair side-by-side in the liberated south
NESKUCHNE, DONETSK OBLAST – Vitalii Ivanov stepped gingerly across the messy floor through the kitchen to what was once the living room of his family home. Scattered across the floor and countertops were the iconic markers of a space that was once occupied by Russian soldiers. Cardboard military re…

News Feed

6:41 AM

Russian forces strike Kharkiv, killing civilian.

Russia targeted Kharkiv and surrounding areas with S-300 missiles overnight on July 24, killing one person and injuring another, Kharkiv Mayor Ihor Terekhov and local governor Oleh Syniehubov reported at around 6 a.m. local time.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.