The European Council also pledges military and financial support for Ukraine, including 16.2 billion euros in 2024 payments and equipment delivery commitments.
The $1.6 billion in revenue from immobilized Russian assets will be allocated with 90% directed towards defense and 10% towards reconstruction efforts, as announced by European Commission President Ursula von der Leyen at the Ukraine Recovery Conference 2024.
"In 2023 alone, we received 98,000 claims for damaged housing, with 52,000 of those already processed and 5 billion hryvnias (135 million USD) distributed in compensation," Shuliak stated.
PACE adopts resolution to facilitate Ukraine's reconstruction using frozen Russian assets for an international compensation fund and establishing a claims commission.
The funding will support collaborations between the Danish municipalities of Aarhus and Copenhagen and the Ukrainian cities of Lviv, Kyiv, and Mykolaiv.
Estonia’s annual support package for Ukraine aims to bolster Ukraine’s economy through business cooperation and to aid in the country’s post-war reconstruction.
The Lithuanian parliament has unanimously agreed to redirect fines collected from international and national sanctions violations into a fund dedicated to Ukraine’s reconstruction and recovery.