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
-
Kremlin sees “no similar plans” after Oleshky—Kyiv plans to set up a center to return civilians Russia holds
-
Russia ends free bottled gas for 13 groups of Crimeans before winter. In one village, a gas cylinder costs up to four times the official price—a local resident
-
Russia kept troops at an aviation school beside Luhansk’s dead airfield. A week after the last strike, Ukraine hit the area again
