Michel: Ukraine Solidarity Trust Fund to facilitate massive investment

President of the European Council Charles Michel emphasizes that the European Union will continue to support Ukraine.

"We will continue to provide humanitarian and financial support to Ukraine. We have a new fund for Ukraine which will facilitate massive investment to restore the country’s economy and infrastructure," Michel said, speaking at the plenary session of the European Parliament on Wednesday, an Ukrinform correspondent reports.

As noted, the Ukraine Solidarity Trust Fund will help support Ukraine and ensure access to liquidity and financing in the short term.

Read also: EU toughening sanctions against Russia, imposing ban on coal imports

As reported, European Council President Charles Michel said that sanctions against Russian oil and gas would be needed sooner or later.

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