EU signed a €5 billion financial assistance package for Ukraine

The European Union has signed a financial assistance package for Ukraine amounting to €5 billion ($4.88 billion), EU Trade Commissioner Valdis Dombrovskis said on Twitter.

“Pleased to sign the second Memorandum of Understanding with #Ukraine since Russia began its brutal war. This time: the EU will provide €5 billion for Ukraine’s immediate liquidity needs, and pay salaries and pensions. We will deliver the first part mid-October, next two parts to follow later in the year,” said Dombrovskis on Twitter.

Prime Minister of Ukraine Denys Shymal added this is another gesture of the EU determined “to support Ukraine in winning this war, rebuilding and pursuing a European future.”

Source