European Council to grant Ukraine €9bn

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

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 will continue helping #Ukraine with its immediate liquidity needs, together with @G7

EUCO is ready to grant #Ukraine EUR 9 billion.

Strong and concrete support to #Ukraine’s reconstruction.

— Charles Michel (@CharlesMichel) May 30, 2022

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. https://t.co/La3bZl6JNp

— Ursula von der Leyen (@vonderleyen) May 30, 2022