Washington, 23 June 2023 (TDI): In a continued effort to respond to the ongoing crisis in Ukraine, the European Union (EU) has adopted its 11th package of sanctions against Russia. The measures come as part of the EU’s strong stance against the annexation of Crimea and the destabilization of Ukraine, which began in 2014.
Alongside these sanctions, the EU has unveiled an ambitious plan to provide substantial financial support for Ukraine’s reconstruction, totaling EURO 40 billion.
Furthermore, the EU has disbursed the June tranche of financial assistance to Ukraine, with $10 billion out of the planned $20 billion for 2023 alone already delivered.
This week on Ukraine:
✅11th package of EU sanctions adopted
✅Plan for EURO 40B to support Ukraine reconstruction unveiled
✅June tranche of EU financial assistance to Ukraine disbursed. $10B out of $20B for 2023 alone already delivered. https://t.co/xl5Lj9o88h— Ambassador Stavros Lambrinidis 🇪🇺 (@EUAmbUS) June 23, 2023
The EU’s sanctions regime against Russia has been gradually intensified since its inception, with the latest measures expanding in response to Russia’s military aggression against Ukraine.
These actions include the recognition of the non-government-controlled areas of Donetsk and Luhansk, as well as the deployment of Russian armed forces into these territories. The objective of the EU’s sanctions is to weaken Russia’s economic base, restrict critical technologies and markets, and significantly limit its ability to wage war.
Simultaneously, the EU has expanded its sanctions regime concerning Belarus due to its involvement in Russia’s aggression against Ukraine. These additional measures complement the existing sanctions aimed at Belarus and encompass a range of financial, economic, and trade restrictions.
The regulations issued by the Council are binding on all individuals, organizations, and bodies under EU jurisdiction, imposing legal obligations and consequences for non-compliance.
The EU’s commitment to supporting Ukraine’s recovery and reconstruction efforts is demonstrated by the unveiling of a EURO 40 billion plan. This significant financial package aims to provide substantial assistance to Ukraine in rebuilding infrastructure, revitalizing the economy, and addressing the humanitarian needs of affected communities.
The disbursement of the June tranche of EU financial assistance further reinforces the Union’s dedication to providing timely and substantial support to Ukraine.
Previously, the EU had announced plans to increase ammunition supply to Ukraine.
The actions taken by the EU underline its determination to safeguard the sovereignty and territorial integrity of Ukraine while holding Russia accountable for its aggressive actions.
The EU’s sanctions regime and financial support are essential components of its comprehensive strategy to address the ongoing crisis and promote stability and peace in the region.
The EU’s 11th package of sanctions and the announcement of EURO 40 billion for Ukraine’s reconstruction showcase the Union’s unwavering commitment to upholding international law and protecting the rights of sovereign nations.
As the situation in Ukraine continues to evolve, the EU remains resolute in its efforts to ensure a peaceful resolution and support Ukraine in its journey toward stability and prosperity
