Binance Donates $10 million to help the humanitarian Crisis in Ukraine
What is the incident ?
On 24th February 2022, Russia launched a full-scale military invasion on Ukraine. The conflict has the potential to be a humanitarian catastrophe.
In the 48 hours since Russia launched a full-scale invasion on Ukraine, the UN reports 120,000 people have already fled their homes. Neighboring countries are receiving refugees. Poland, for instance, has estimated that it could receive up to 1 million refugees.
In response to this crisis, Binance has donated $10 million USD to major Intergovernmental Organizations and local NGOs on the ground to help provide emergency relief to refugees and children to support logistics on the ground such as food, fuel and supplies for refugees in countries bordering with Ukraine and more.
To help the people of Ukraine please join them by donating crypto directly on Binance application
Solutions by Binance
Protect the Children
As part of our ongoing partnership with UNICEF, they are donating towards efforts to protect the welfare of the 7.5 million children in Ukraine. As conflict escalates so will the needs of the children and their families. The funds will go towards medical supplies, providing safe drinking water, social protection and emergency educational resources.
Binance is partnering with UNHCR to provide immediate emergency relief such as food, water, medical supplies and working to improve the living conditions in temporary shelters. International Strategic Action Network (iSans) first set up an organization in Poland in 2020. With their experience in the region, they are well established to restart operations to help welcome Ukrainian refugees. With People in Need (PIN) expertise in supporting refugees that suffer the consequences of war. Having an operation in Slovakia opens up another critical path of exit for people.
Protect the IDP
For some people, leaving their country is not an option, or they have not been able to. The International Rescue Committee reports that over 100,000 Internally Displaced People (IDP) within Ukraine. These people are most at risk of danger, therefore it is critical to provide assistance in-country too. Part of our work with PIN will involve their sister organization in Ukraine that is able to help provide assistance to those who may not be able to leave. UNHCR has been present in Ukraine since 2014, with field operations already operating in six locations countrywide, meaning they can issue emergency resources within country as well as to those who have fled.