EU Mulls Giving Ukraine €1.5-B Monthly For Basic Needs

The European Union is discussing plans to provide Ukraine with 1.5 billion euros per month ($1.45 billion) to help with basic needs such as energy, food, and water, European Commission President Ursula Von der Leyen told Xiaofei Xu of CNN at the end of a two-day EU summit.

Photo Insert: At this stage, the monthly aid is still a proposal and the 27 countries will explore ways to find ways to finance this aid to Ukraine.

“This will give [Ukraine] an overall figure of 18 billion [euros] ($17.5 billion) for the next year, an amount where then Ukraine can count on and where there is a stable, reliable and predictable flow of income,” Von der Leyen said.

At this stage, it’s still a proposal and the 27 countries will explore ways to find ways to finance this aid to Ukraine.

“We have tasked the finance ministers to develop the appropriate mechanism, but it was important also to give this signal to Ukraine that we very well know how important this reliable flow of income is,” she said.

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