EU Aims to Finalize $9.5 Billion Ukraine Loan Package This Week
- Bloc would offer 25-year loans with 10-year grace period
- Member states will pledge to back up 100% in case of default
A woman and her daughter pass a destroyed residential building in Irpin, Ukraine.
Photographer: Sergei Chuzavkov/AFP/Getty Images
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The European Union is expected to finalize the details of a 9 billion euro ($9.5 billion) financial package for Ukraine in the coming days to bolster the war-torn nation.
The new macro-financial assistance program for Kyiv would consist of 25-year loans, with a 10-year grace period to reimburse the principal, three EU officials said, who added that interest payments would be covered by the EU budget.