FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019.REUTERS/Yves Herman/File Photo

Ukraine gets $4.4 billion aid boost from EU

Ukraine will soon get another 4.2 billion euros ($4.4 billion) in funds after the European Union's member states approved the planned payment of the money, said the EU Council on Monday.

Published on:

09 Dec 2024, 7:43 pm

BRUSSELS (Reuters) - Ukraine will soon get another 4.2 billion euros ($4.4 billion) in funds after the European Union's member states approved the planned payment of the money, said the EU Council on Monday.

The money, which forms part of the EU's Ukraine facility, will help Ukraine's economy, as the country continues to fight against Russia.

The G7 group of the world's biggest economies have earmarked an overall loan of $50 billion for Ukraine, serviced by profits generated by Russian assets immobilised in the West.

($1 = 0.9454 euros)

(Reporting by Sudip Kar-Gupta)