European Council President: Ukraine Solidarity Trust Fund to be launched on May 5

The relevant statement was made by European Council President Charles Michel during a joint briefing with Ukrainian President Volodymyr Zelensky in Kyiv, an Ukrinform correspondent reports.

“We are determined to do everything we can to support Ukraine, because we want victory for Ukraine. And that is why we will use all the possible tools in our hands. Of course, financial support is very important. We had the opportunity to go into more detail with the President, and that is why we decided a few weeks ago, after a phone call, to launch this trust fund in solidarity with Ukraine. In the coming days, on May 5th, will be the starting point of this trust fund, with an international donors’ conference.  We will organise this together with Poland, with Sweden and with the support of the European Commission, all the member states, and with the support of many international actors,” Michel told.

In his words, the IMF, the World Bank and other organizations are making efforts to mobilise funds in support, so that Ukraine can pay the social expenditures.

According to the President of the European Council, it is also important to start the programme of Ukraine’s rebuilding as soon as possible.

“Today we discussed very strategic and interesting ideas, very operational and concrete ideas to accelerate the process.  I am optimistic that in the following days and weeks, we will clarify the exact nature of the support that we will be able to provide,” Michel added.

A reminder that European Council President Charles Michel arrived in Kyiv on April 20, 2022. Together with Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Olha Stefanishyna, Michel visited the city of Borodianka, which was liberated from Russian troops.

Photo: Office of the President of Ukraine