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legislative proposal to Congress to provide four LCS frigates. In addition, the US will consider Greece's request to supply KC-135 refueling aircraft and the new C-130J. Greece's political and military leadership agreed to this proposal and will transfer systems and equipment not in use by the Greek army to Ukraine. Ukraine expects to receive Soviet-era Tor, Wasp, and S-300 air defence systems, as well as anti-aircraft installations of the Soviet model ZU-23-2 and shells for the listed munitions.
Germany's finance minister says Europe must do more to support Ukraine. "It cannot be the case that Germany does more so that others can continue to do too little," said German Finance Minister Christian Lindner at the European Liberal Party Conference in Berlin on Jan. 28.
Netherlands allocates $132 million in new military aid funding package for Ukraine. The Netherlands has allocated €122 million ($132 million) to support Ukraine's ammunition supply, equipment, and cybersecurity, Dutch defence Minister Kajsa Ollongren announced on Jan. 29.
• IFI Aid
impacted by Russia’s full-scale invasion of the country, in a statement by Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths on Jan. 15.
UN asks for $4.2bn in humanitarian aid for Ukraine, Ukrainian refugees.
The UN's Office for the Coordination of Humanitarian Affairs (OCHA) estimated that some 14.6 million Ukrainians, approximately 40% of the population, need humanitarian assistance.
World Bank's IFC mobilises almost $1bn to aid Ukraine's recovery. The funding is part of a $2-billion package earmarked for Ukraine and announced by the IFC in December 2023.
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NATO members pledge further support to Ukraine in 2024, outline plans for billions in aid. NATO members have reaffirmed their commitment to bolstering Ukraine's defences and will continue to provide military, economic, and humanitarian assistance to Ukraine this year, the alliance announced in a statement following the NATO-Ukraine Council meeting on Jan. 10.
Since the beginning of the full-scale invasion, the EIB has provided Ukraine with €1.7B, including funds for reconstruction and the development of logistics. In particular, the EIB implements many projects intended to rebuild the social infrastructure destroyed by the Russians, as well as increase energy efficiency and transport infrastructure. There are also joint projects with Ukrainian Railways and Ukrposhta to modernize railways and logistic postal infrastructure.
The EBRD calls for continued financial support for Ukraine and will invest up to €15B. Ukraine needs financial and military support so that Kyiv does not return to printing money to keep its economy afloat, EBRD Chief Economist Beata Yavorchyk said. According to her, the economic situation in Ukraine is difficult, even though last year's growth was slightly less than 5%. "The big risk is that if the money does not come from abroad, the situation may spiral, and the government may have to resort to money printing," she said, emphasizing the Ukrainian government’s exemplary work in ensuring macroeconomic stability. Yavorchyk also reported that the EBRD plans to invest between €7.5 and €15B in Ukraine over the next five years, paying special attention to providing support for the private sector. The head of the EC, Ursula von der Leyen, is confident that all 27 EU member states will agree to expand financial assistance to Ukraine jointly and provide €50B in 2024-2027.
63 UKRAINE Country Report February 2024 www.intellinews.com