Ukrainian Refugee Campaign Says It Received $10.1 Billion in Funding
- The Stand Up For Ukraine campaign said on Saturday it had received $10.1 billion in funding.
- The celebrity-backed campaign will channel funds to Ukrainian refugees.
- About half of the new funding came from new loans and the other half from new grants.
A star-studded campaign to raise money for Ukrainian refugees has received $10.1 billion in funding from corporations, governments and private philanthropists, one of its organizers said.
Advocacy group Global Citizen said “Stand Up For Ukraine”, also backed by European Commission President Ursula von der Leyen and Canadian Prime Minister Justin Trudeau, has received $5.5 billion in new loans and 4 $.6 billion in new grants at a pledging event on Saturday.
Famous supporters of the campaign include Oprah Winfrey, Madonna, Bruce Springsteen, Hugh Jackman and Elton John.
On Twitter Sunday, Von der Leyen mentioned of the event: “Yesterday the world came together with a powerful message of unity and solidarity.”
European institutions participating in the event included the Council of Europe Development Bank, the European Bank for Reconstruction and Development and the European Investment Bank, Global Citizen said.
Nearly $8 billion of the funds are earmarked for Ukrainian refugees in EU countries, with the rest going to people displaced inside Ukraine.