European Commission President Ursula von der Leyen addresses the assembly at the World Economic Forum (WEF) annual meeting in Davos on May 24, 2022. AFP
In addition to the economic sanctions imposed on Russia and the military aid provided to Ukraine, European Commission President Ursula von der Leyen said the 27-nation EU has proposed over 10 billion euros in macro-financial assistance, the largest package ever offered to a third country.
She said the World Economic Forum's annual gathering that the EU is ``mobilizing our full economic power`` and ``we will, hand in hand, help Ukraine rise from the ashes.''
Von der Leyen added that reconstruction efforts also should aim to modernize Ukraine's administration. It will be required if the country wants to join the 27-nation bloc in the future.
She says the reforms should ``firmly establish the rule of law and the independence of (Ukraine's) judiciary'' and help tackle corruption.
Short link: