EU Readies €50 Billion Ukraine Package Ahead of Donor Summit
- Cash offered as grants, loans conditional on reform measures
- EU to ask member states for funds for reconstruction plan
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The European Union is ready to propose a financial aid package of around €50 billion ($55 billion) to support Ukraine as the country embarks on a critical counteroffensive to retake territory lost since Russia’s invasion more than a year ago.
The proposal from the European Commission, the EU’s executive arm, will help finance the Ukrainian government’s current expenditures and pay for urgent reconstruction priorities, according to people familiar with the plan.