The “Stand Up for Ukraine” global pledging event and campaign has raised 9.1 billion euros for people fleeing the Russian invasion, inside Ukraine and abroad, including €1 billion from the European Commission. On top of that, the European Bank for Reconstruction and Development has announced an additional €1 billion in loan to cover the needs of the people displaced by the invasion.
President of the European Commission Ursula von der Leyen said:
“The solidarity of countries, companies and people worldwide offers some light in this dark hour. The ‘Stand Up For Ukraine’ campaign has raised 9.1 billion euros for people fleeing bombs, inside and outside Ukraine, with an additional billion pledged by EBRD. And more will come. We will continue providing support. And once the bombs have stopped falling, we will help the people of Ukraine rebuild their country. We will continue to Stand up for Ukraine.”
Prime Minister of Canada, Justin Trudeau said:
“Today, we raised over CAD $12.4 billion to continue supporting the Ukrainian people who have been displaced by Putin’s ongoing and unjustifiable war. Whether it’s food, water, shelter, or medical aid – we will continue to have your backs and provide the assistance you need at this time. We are standing up for Ukraine.”
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Out of these €10.1 billion in pledges and EBRD funding, €1.8 billion are for internally displaced persons and €8.3 billion for refugees in frontline EU Member States and countries, like Moldova.
The €9.1 billion pledge is broken down as follows:
- €4.1 billion are financial contributions and in-kind donations for internally displaced people and refugees pledged by governments, companies and individuals around the world.
- €5 billion are loans and grants from European public financial institutions (the European Investment Bank, and the Council of Europe Development Bank).
Pledges from governments for internally displaced people in Ukraine will be now channelled largely through the Ukrainian authorities, central and local level. Donations from the private sector and individuals for internally displaced people will be channelled mainly through UN agencies.
More Information: European Commission – Press release