The European Commission announced a project to help rebuild Ukraine through amid calls for an equivalent to the post-World War II Marshall Plan.
Greg Palkot Fox News' senior foreign affairs correspondent reports from Kyiv on the latest developments amid Russia's ongoing war against Ukraine.
The European Commission, the executive arm of the EU, said the new"Ukraine Facility" will support"Ukraine's efforts to sustain macro-financial stability, promote recovery as well as modernize the country whilst implementing key reforms on its EU accession track," as well as,"support the transition towards a green, digital and inclusive economy that is progressively aligned with EU rules and standards.
The multibillion-euro project revealed by the commission Tuesday serves as the first major economic grouping to describe a detailed, multi-year funding plan toward reconstructing Ukraine. President of the European Commission Ursula von der Leyen, U.S. Secretary of State Antony Blinken and others attend the Ukraine Recovery Conference in London, Wednesday, June 21, 2023.
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