Lithuania is allocating 2 million euros to Ukraine to address the social consequences of the war, the Finance Ministry said in a press release on Wednesday.
The government meeting on Wednesday approved Lithuania’s further support to Ukraine through the instruments of international financial institutions: 1 million euros for a fund of the European Bank for Reconstruction and Development (EBRD) and 1 million euros for the Council of Europe Development Bank (CEB).
According to the press release, the EBRD Action for Equality and Gender Fund’s Ukraine Program aims to create a business environment and develop human capital, thereby enabling the employability of war veterans, people with disabilities, and other victims of the Russian war in Ukraine. The program also provides psychological support to these persons.
The objective of the CEB’s Ukraine Solidarity Fund is to support internally displaced persons in Ukraine and contribute to the reconstruction of the country.
Lithuania is expected to transfer money to these funds by the end of this year.
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