European Council to grant Ukraine €9bn for reconstruction

European Council to grant Ukraine €9bn for reconstruction
# 31 May 2022 09:21 (UTC +04:00)

The European Council has said it is ready to grant Ukraine €9bn to aid in its post-war reconstruction, APA reports citing The Guardian.

The Council will “continue helping Ukraine with its immediate liquidity needs, together with G7” European Council President Charles Michel said late on Monday night.

"EUCO is ready to grant Ukraine EUR 9 billion. Strong and concrete support to Ukraine’s reconstruction,” he added.

EU Commission President Ursula von der Leyen tweeted: “I am glad that tonight leaders agreed in principle on the sixth sanctions package. This is an important step forward.

"We also agreed to work on a mechanism to provide Ukraine with a new, exceptional macro-financial assistance package of up to €9 billion.”

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