EU Says Ukraine Needs $15 Billion as Curbs on Crimea to Tighten
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Ukraine needs $15 billion in financial aid, European Commission President Jean-Claude Juncker said, as the 28-member bloc plans to outlaw the sale of some energy equipment to the Crimea peninsula annexed by Russia.
The government in Kiev faces “enormous” challenges that include overcoming a recession, bringing peace to its eastern regions and ensuring adequate energy supplies, Juncker told the European Parliament in Strasbourg, France. The curbs on Crimea will be finalized today before the bloc’s leaders meet in Brussels, a European Union official said, asking not to be named because the matter is private.