2 Written explanations of Seán KELLY

This motion aligns with our commitment to support Ukraine in the face of ongoing aggression from Russia. The European Commission has proposed a comprehensive financial strategy that addresses Ukraine’s urgent financing needs, which are projected to reach nearly 38 billion USD in 2025.The establishment of the Ukraine Loan Cooperation Mechanism is crucial as it allows us to efficiently manage these resources and ensure that Ukraine has the resources necessary for recovery and safety. This initiative not only demonstrates our solidarity with Ukraine but also strengthens our geopolitical stance against Russia's actions. Voting in favour is a step towards ensuring Ukraine can navigate its financial challenges and work towards a sustainable future.

This motion provides crucial assistance to workers impacted by job losses in Belgium's Match-Smatch retail sector. The financial support from the European Globalisation Adjustment Fund (EGF) will help these individuals reintegrate into the labor market through tailored services like retraining and job placement assistance.This initiative addresses immediate needs and also prepares workers for a greener and more digital economy, which align with broader EU goals. By focusing on those most affected, especially older workers who face significant barriers to reemployment, we can promote social equity and economic resilience.