Stand Up For Ukraine: 9.1 billion euros ($12.4 billion) pledged in support of internally displaced and refugees
April 12, 2022
Global Korean Post
The “Stand Up for Ukraine” global pledging event and campaign has raised 9.1 billion euros ($12.4 billion) for people fleeing the Russian invasion, inside Ukraine and abroad, including €1 billion from the European Commission.
On April 9, Prime Minister Justin Trudeau co-convened the Stand Up for Ukraine pledging event with the President of the European Commission, Ursula von der Leyen, with the participation of the President of Poland, Andrzej Duda, in a worldwide show of solidarity with Ukraine, and in partnership with international advocacy organization Global Citizen.
The event was the culmination of a global social media rally supported by Global Citizen and in response to an urgent call from Ukrainian President Volodymyr Zelenskyy for the international community to mobilize additional support for people fleeing war in Ukraine.
The campaign raised over $12.4 billion in pledges to support Ukrainian refugees and address the humanitarian crisis.
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.
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 channeled largely through the Ukrainian authorities, central and local level. Donations from the private sector and individuals for internally displaced people will be channeled mainly through UN agencies.
