EU Readies €50 Billion Ukraine Package Ahead of Donor Summit

Cash offered as grants, loans conditional on reform measures
#EU to ask member states for funds for reconstruction plan
The European Union is ready to propose a financial aid package of around €50 billion ($55 billion) to support #Ukraine as the country embarks on a critical #counteroffensive to retake territory lost since #Russia’s invasion more than a year ago.
The proposal from the European Commission, the EU’s executive arm, will help finance the Ukrainian government’s current expenditures and pay for urgent reconstruction priorities, according to people familiar with the plan. 

The package, still subject to changes before it’s made public, will be announced Tuesday ahead of a conference this week in London, where donors will discuss how to rebuild the country and Ukrainian officials will seek private sector involvement. 
#Europe #MoneyForWar #UkraineWar
https://www.bloomberg.com/news/articles/2023-06-20/eu-readies-50-billion-ukraine-package-ahead-of-donor-summit#xj4y7vzkg