The move comes after the committees endorsed the updated assistance plan for Ukraine.

Gediminas Kirkilas, chairman of the Committee on European Affairs, told journalists on Wednesday that it remains to be seen whether it will be e government fund or a public institution. The decision will be made after consultations with legal experts, he added.

"The establishment of an aid fund is the new thing. We will ask the government to make a small contribution and hope that that fund will be able to attract funds," Kirkilas said.

In his words, the fund will be set up in Lithuania as the European Union already has one. "The EU already has its fund and this one will be ours, Lithuania's fund," Kirkilas underlined.