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EU €50bn aid package: How will it be spent?

The EU funding package is not for the frontline but for life in the rear. War is an expensive endeavour, and budget revenue in Ukraine is being swallowed up funding the fighting.

All 27 members of the EU agreed to send the support package worth €50bn for Ukraine. Ukrainian President Volodymyr Zelensky welcomed the new funding, saying it will strengthen the country's economic and financial stability.

The first transaction will be transferred in March, according Ukraine's Economy Ministry. But how will this money be spent?

Also, in the programme, we will talk about a state of emergency because of a worsening drought in Catalonia and discover why Elon Musk moves to shift Tesla's legal home to Texas.

(Picture: Special European Council in Brussels, Belgium. Picture credit: EPA-EFE/REX/Shutterstock)

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27 minutes

Last on

Thu 1 Feb 2024 22:32GMT

Broadcast

  • Thu 1 Feb 2024 22:32GMT