EU States Seen Backing Proposed €50 Billion Package for Ukraine
- Commission Vice President Dombrovskis speaks to Bloomberg TV
- EU is paying separate €1.5 billion to Ukraine on Thursday
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European Union countries will likely back a proposal from the bloc’s executive arm for a €50 billion ($54.6 billion) financing package for Ukraine, EU Commissioner Valdis Dombrovskis told Bloomberg TV.
The commission earlier this week announced a funding plan through 2027 comprising grants, loans and guarantees to cover part of Ukraine’s current expenditure and to fund urgent reconstruction projects, as it continues to fight back against Russia’s invasion.