EU Faces Pressure to Provide Credible Funding Plan for Ukraine

The European Union must provide a “credible” funding commitment to Kyiv to unlock fresh International Monetary Fund money, the EU’s economy chief said, as the country’s lenders race to avoid a financing crunch in Ukraine.

Economy Commissioner Valdis Dombrovskis discussed Kyiv’s $65 billion financing gap and military needs with IMF chief Kristalina Georgieva this week in Bulgaria, he told Bloomberg News in an interview.