Copyright © 2021

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Switzerland plans to provide over $5.4 billion in aid to Ukraine

switzerland plans provide financial aid ukraine
Switzerland plans to provide over $5,4 billion in aid to Ukraine, an illustrative image/ Source:
Switzerland plans to provide over $5.4 billion in aid to Ukraine

The National Council’s Foreign Affairs Committee (FAC-N) plans to provide at least ₣5 billion ($5,4 billion) in aid to Ukraine, as reported by a multilingual news and information platform SWI The financial support will be used for humanitarian assistance, protection of civilians, demining, peacebuilding, and civilian infrastructure restoration.

According to the FAC-N’s decision, the Federal Council was instructed to present a plan to assist Ukraine. The majority of parliamentarians agreed that Ukraine requires substantial financial support.

In addition, the FAC-N discussed Switzerland’s participation in international forums and the geopolitical implications of the current visit of the Chinese leader to Russia.

Late in February, the Swiss government requested that the Swiss parliament approve allocating an additional ₣140 million ($152 million) in humanitarian aid to Ukraine and Moldova.

Most of the proposed funds, ₣114 million (nearly $124 million), are earmarked for Ukraine. They are intended to cover school shelters, hospital, and energy infrastructure repairs and small loans to small agricultural businesses.

Previously, neutral Switzerland has joined the EU sanctions against Russia, which include restrictions on 1,300 individuals and a freeze on assets worth ₣7,5 billion (nearly $8,1 billion). Using its neutrality policy, Bern also prevented the export of Swiss-made weapons to Kyiv by Germany, Denmark, and Spain.

Read also:

Switzerland keeps neutrality policy, barring weapons exports to Ukraine

Switzerland seeks to confiscate USD 140 mn linked to Ukraine’s ex-President Yanukovych – Reuters

Switzerland not to confiscate frozen Russian assets over fear of “undermining constitution”

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Related Posts