EU to Offer Aid Package to Ukraine Package Comes After U.S. Offered $1 Billion in Loan Guarantees to Ukraine
BRUSSELS—The European Union announced Wednesday it would make at least €11 billion ($15.12 billion) in grants and loans available for Ukraine in the next couple of years, although much of the money has strings attached and would need approval from member states and other institutions.
The package comes after Washington announced Tuesday it would make available $1 billion in loan guarantees to Ukraine and offered technical assistance in a number of areas. It wasn’t clear how much of the European money could be immediately available.
Heads of government from the EU’s 28 member states will meet in Brussels on Thursday to discuss the crisis in Ukraine and to consider measures against Russia over its actions in Crimea.