International organisations, foreign governments, and large foreign companies held the Stand Up for Ukraine donors’ conference in Warsaw and raised more than €10 billion to help those affected by Russia‘s aggression against Ukraine. The European Union co-organised the event.
“Today we raised 9.1 billion euros for the people fleeing the invasion, inside Ukraine and abroad. And more will come! We will continue providing support,” Ursula von der Leyen, President of the European Commission, wrote on Twitter.
As noted on the website of the European Commission, the European Bank for Reconstruction and Development has announced an additional €1 billion loan to cover the needs of the people displaced by the invasion.
The Conference focused on helping Ukrainian refugees. However, the EU assures that funds will be raised in the future for the infrastructural reconstruction of Ukraine.
“And once the bombs have stopped falling, we will help the people of Ukraine rebuild their country,” Ursula von der Leyen pledged.
It is noted that of the funds raised, 1.8 billion euros are intended for internally displaced persons. Rhe rest will be allocated to refugees in the frontline EU member states and in Moldova.
The donors’ conference was convened by the NGO Global Citizen, the European Commission, and the Government of Canada.
The international conference was preceded by the Stand Up for Ukraine social media campaign with the participation of dozens of popular musicians, famous film actors, and athletes.