EU Eyes Ukraine Reform Approval in May in Bid to Unlock Aid
- The green-light would add €1.9 billion in loans next month
- Kyiv expected to receive nearly €16 billion in aid this year
Volodymyr Zelenskiy
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
The European Union is moving toward approval of Ukraine’s reform plan in May, which would unlock an additional €1.9 billion ($2 billion) as part of a total €15.9 billion that the bloc has planned in financial aid for Kyiv for this year.
The European Commission, the EU’s executive arm, is examining the plan but no major issues have been raised and member states could proceed to their approval as early as next month, a person familiar with the matter said.