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EU approves one billion euros in financial aid to Ukraine

BRUSSELS, 13 July 2022, (TON): EU finance ministers approved one billion euros in financial aid to Ukraine, billing it as a first instalment of a promised nine-billion-euro rescue package agreed by European leaders in May.

Zbynek Stanjura, the finance minister of the Czech Republic said “this will give Ukraine the necessary funds to cover urgent needs and ensure the operation of critical infrastructure.”

EU diplomats said the rest of the nine billion euros was still held up as some member states argued over whether a country at war was in a position to sign on to long-term loans.

One EU diplomat said “I wish the amount were greater.”

The one billion euros announced is in addition to 1.2 billion euros disbursed earlier this year by the European Union, bringing the bloc’s total financial aid to Ukraine since the invasion on February 24 to 2.2 billion euros.

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