Official announcements from the Swiss government or related agencies

Swiss Council of States Rejects $5.58 Billion Ukraine Aid Plan Over Borrowing Restrictions

Jun 3, 2024, 04:57 PM

Switzerland's upper house of parliament, the Council of States, has rejected a 5 billion Swiss franc ($5.58 billion) aid plan for Ukraine. The decision, made on Monday, was based on concerns that the aid package would breach the country's borrowing restrictions. This emergency assistance plan was part of a broader financial package aimed at supporting Ukraine's reconstruction and repair efforts.