In the newest installment of a promised nine-billion-euro rescue bundle introduced by the European Commission, the EU has proposed 5 billion euros in monetary help to Ukraine.
Firefighters work on the website of a residential constructing hit by a Russian army strike, amid Russia’s assault on Ukraine, in Kharkiv (Photo: Reuters)
The European Commission on Wednesday proposed 5 billion euros in monetary help to Ukraine, within the newest installment of a promised nine-billion-euro rescue bundle agreed by EU leaders in May.
“The situation in Ukraine requires our full support,” the fee’s president, Ursula von der Leyen, stated in a tweet saying the emergency loans to Kyiv.
The scenario in Ukraine requires our full help.
Today the @EU_Commission proposes a further 5 billion in macro-financial help for the nation.
This is on high of the ten billion the EU already offered in monetary, humanitarian and army help. pic.twitter.com/B60lueYl0Q
— Ursula von der Leyen (@vonderleyen) September 7, 2022
A European diplomat stated the rescue was a part of the $39 billion in help promised by the G7 group of countries to prop up Ukraine’s battered public coffers.
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Originally promised by European leaders in May, the EU’s 9 billion euros ($9 billion) was held up as some member states argued over whether or not a rustic at warfare was able to signal on to long-term loans.
Brussels disbursed the primary one billion euros of the bundle in early August and, on Wednesday, the fee stated the remaining three billion euros “will be provided as soon as possible”.
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