European Commission President Ursula von der Leyen has outlined a 50 billion euro ($54.6 billion) aid package for Ukraine for the next four years, CNBC reports.
The package would be in the form of a budget reserve from the EU's 2021-27 budget, and it was proposed ahead of an international conference being held in the UK aimed at raising more funds for Ukraine's reconstruction.
"This financial reserve will allow us really to calibrate our financial support according to the evolution of the situation on the ground," von der Leyen said.
Read also:
- Europe to accelerate arms shipments to Ukraine, EU industry chief says – Reuters
- European Parliament recognizes Kakhovka dam destruction as a war crime committed by Russia
- Switzerland plans to provide USD 1.7 bn assistance for Ukraine by 2028
Read Also
-
Belgium rushes three F-16s to Ukraine as Russia expands its drone and missile assault
-
Russian jet-powered drone hits near Yahodyn, just 1.5 km from Poland, as Warsaw changes air defense rules
-
Russia raises its war budget by 27% and expands the army again – both to new records – even as its budget deficit widens and oil revenues fall
