European Union gives greenlight to provide Ukraine with $18 billion in financial support over the next year
Fox News
The European Union is planning on providing Ukraine with $18 billion in financial support over the next year. The money will come from the European Union and the United States.
"Ukraine is telling us that they need approximately 3-4 billion euros per month to have enough resources for the basics," European Commission President Ursula von der Leyen said. She said that figure would be met in equal part by the EU and the U.S., plus additional money from international financial institutions.
"It is very important to Ukraine to have a predictable and stable flow of income," von der Leyen told reporters. She said the EU is looking to provide about 1.5 billion euros each month, describing it as a funding amount that would be "stable and reliable."
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