EU Set to Unveil $5 Billion Package for Ukraine Next Week
- Member states give preliminary approval for loan plan
- Bloc continues to discuss terms of additional aid for Kyiv
Municipal service workers monitor a crater following an overnight missile strike in Kharkiv, Ukraine.
Photographer: Sergey Bobok/AFP/Getty Images
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The European Union is preparing to release a new funding package of 5 billion euros ($5 billion) for Ukraine as the nation battles to find resources for the war against Russia and for running the country.
The European Commission, the EU’s executive arm, will propose the loan package next week to help Kyiv cover urgent costs including salaries and benefits, according to EU diplomats familiar with the plan.