EU Proposes 50 Billion-Euro Aid Package For Ukraine

 

France 24: EU proposes 50 bn-euro package to support Ukraine 

Brussels (AFP) – Brussels on Tuesday asked EU member states to back a 50-billion-euro ($55 billion) package to support Ukraine over the next four years, as part of a boost to the bloc's budget. 

"This financial reserve will allow us really to calibrate our financial support according to the evolution of the situation on the ground," European Commission chief Ursula von der Leyen said. 

The proposal from the European Commission, the EU's executive arm, is aimed at helping prop up Kyiv's finances and covering immediate reconstruction costs caused by Russia's war. 

The money, 33 billion euros in loans and 17 billion in grants, is part of the review to plug gaps in the EU's budget for the period 2024-2027 left by the fallout of the Covid pandemic and the conflict. 

Ukraine's Prime Minister Denys Shmygal thanked von der Leyen "for such steadfast commitment to supporting Ukraine".  

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Update #1: EU proposes $55 billion financial aid package for Ukraine (Kyiv Independent)  

Update #2: European Commission president proposes facility of up to EUR 50B for Ukraine (Ukrinform)  

WNU Editor: The EU is saying that this assistance package will come from seized Russian assets .... Half of EU funds for Ukraine to be funded by frozen Russian assets (New Voice Of Ukraine). 

The EU has also proposed a new round of Russian sanctions .... European Union countries agree on a new package of sanctions against Russia over the war in Ukraine (AP).