EU Mulls €18 Billion in More Ukraine Aid Despite Blocked Funds
- EU may contribute at least half of Ukraine’s financing needs
- The bloc still needs to unlock previous aid packages
Western allies have been discussing ways to keep Ukraine’s economy afloat as the war ticks past the seven-month mark.
Photographer: Dimitar Dilkoff/AFP/Getty Images
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The European Union is in discussions to extend Ukraine around €18 billion ($17.5 billion) in funding next year to help cover urgent financing needs, even as billions of euros in aid the bloc approved more than four months ago remain unpaid.
The European Commission, the EU’s executive arm, is working on the new funding proposal, according to people familiar with the plans. The package will aim to provide at least half of the €3 billion to €3.5 billion Ukraine needs per month, one of the people said.