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Reuters
Reuters
Business

EU proposes to create solidarity fund for Ukraine's basic needs

European Council President Charles Michel arrives for the EU-Africa summit at the European Council building in Brussels, Belgium February 17, 2022. Geert Vanden Wijngaert/Pool via REUTERS


The European Union is considering creating a solidarity fund for Ukraine to help provide basic services in the country and meet citizens' immediate needs, European Council President Charles Michel said on Friday.

"The Fund would give liquidity for continued support to authorities and in the longer term serve as backbone for reconstruction of a free and democratic Ukraine once hostilities stop", Michel said in a tweet.

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