- Publication date
- 27 September 2022
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
Today, remittances from Ukrainians in the EU are a vital way of providing means of subsistence to their families and relatives at home. In the face of the growing humanitarian crisis triggered by Russian’s unprovoked aggression against Ukraine, lowering the costs of remittances could result in big savings for Ukrainians and their families. It could also help to scale up aid to the people of Ukraine.
With this Joint Statement, signatories commit to more affordable, more transparent, and more accessible remittances to Ukraine. This initiative remains open: other financial sector institutions active in the provision of remittance services in the EU and Ukraine are encouraged to join the initiative and endorse the Statement by contacting email@example.com.