To facilitate the care of Ukrainian refugees fleeing the country as a result of the Russian attack, the EU Council today adopted legislation allowing Member States to receive a total of € 3.5 billion this year. depending on the number of refugees from Ukraine they host.
In particular, the pre-financing to be paid in 2022 under REACT-EU will increase from 11% to 15% for all Member States, and from 11% to 45% for EU countries where the number of arrivals from Ukraine has reached more than 1% of their population at the end of the first month following the Russian invasion.
In addition, the act introduces the choice of unit costs per person to simplify the mobilization of funds, which allows to more effectively address the basic needs of the displaced from Ukraine and provide basic assistance to them.
These amendments are intended to relieve Member States’ public budgets so that they can better manage the influx of refugees.
This act introduces amendments to increase the pre-financing of the Cohesion and Regions of Europe Recovery Assistance (REACT-EU), one of the largest programs created for the post-pandemic recovery, to strengthen the funds Cohesion Policy and the European Aid Fund for the Needy (TEVA).
SOURCE: AMPE
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
