EU to provide Ukraine with EUR 5 billion in financial aid, von der Leyen says

6 September, 11:33 AM
Ursula von der Leyen and Denis Schmyhal (Photo:REUTERS/Johanna Geron)

Ursula von der Leyen and Denis Schmyhal (Photo:REUTERS/Johanna Geron)

The EU will offer Ukraine EUR5 billion ($5 billion) in macro-financial assistance in coming days, head of European Commission Ursula von der Leyen said in a Twitter post on Sep. 5.

The announcement followed von der Leyen meeting Ukrainian PM Denys Shmyhal.

“The situation on the ground in Ukraine still requires our unabated support,” said von der Leyen.

“On top of the EUR10 billion we have provided so far, we will propose an additional EUR5 billion in macro-financial assistance this week. The EU will be by Ukraine’s side, for as long as it takes.”

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According to Shmyhal, Ukraine received EUR1 billion of EU aid – part of the larger EUR9 billion package – by Aug. 1. Ukrainian President Volodymyr Zelenskyy later said that an EU member state is delaying further financial assistance to Kyiv.

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