Ukraine Latest: EU to Boost Weapons Fund, Kyiv Holds Rates
Motorists wait in traffic during a power outage in Kyiv.
Photographer: Andrew Kravchenko/BloombergThis article is for subscribers only.
The European Union is set to boost the size of a fund to finance weapons for Ukraine by at least €2 billion ($2.1 billion) as early as next week and the facility could be topped up with even more money later, according to people familiar with the discussions.
Ukraine’s central bank kept borrowing costs unchanged at 25% as President Volodymyr Zelenskiy warned citizens that shutdowns will continue across most of the country even as workers race to repair damage to power infrastructure inflicted by Russian attacks.