Most of the allocated funds will be used to overcome the economic consequences of the pandemic.
The European Union has decided to increase the organization's budget for the current year from 168.7 to 174.9 billion euros to finance projects aimed at combating the COVID-19 pandemic. This was announced on Friday, September 11, by the EU press service.
вЂњThe EU Council has agreed to increase the EU budget for 2020 by 6.2 billion euros in the fight against the pandemic (coronavirus),вЂќ the statement said.
It is noted that 1.09 billion euros will be spent on prepayments for vaccines, and 5.11 billion вЂ” to overcome the economic consequences of the pandemic.
As you know, the European Commission has held talks with six pharmaceutical companies to purchase vaccines against COVID-19 that they are developing, the trials of which are ongoing.
The main supplier of the EU is considered to be AstraZeneca, however, it has so far suspended trials of its vaccine due to the infection of one of the volunteers with coronavirus.