EU finance ministers return next  billion loan to Ukraine

EU finance ministers return next $5 billion loan to Ukraine

Flags of the European Union flutter outside the headquarters of the European Central Bank (ECB) in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/

Register now for FREE unlimited access to Reuters.com

PRAGUE, Sept. 9 (Reuters) – European Union finance ministers backed a EUR 5 billion ($5 billion) loan on Friday to help Ukraine keep schools, hospitals and other state operations running as it fights the invasion of Ukraine. Russia, the Czech Ministry of Finance said. .

The loan, backed by guarantees from EU member states, is part of a total package of €9 billion announced in May. The first 1 billion euros was sent in full at the beginning of August.

Czech Finance Minister Zbynek Stanjura, who met EU finance ministers in Prague on Friday, said in a statement that upcoming meetings would decide how the remaining 3 billion euros in the package could be split into loans or grants.

($1 = 0.9954 euros)

Register now for FREE unlimited access to Reuters.com

Reporting by Jason Hovet; Editing by Alexander Smith

Back1 of 2

Leave a Comment

Your email address will not be published.