EU to unveil 50 billion euro aid package for Ukraine - sources
The European Union was set to unveil on Tuesday an aid package for Ukraine worth 50 billion euros ($55 billion), two officials said ahead of a formal announcement.
The figure – due to be unveiled by European Commission President Ursula von der Leyen – comes after a review of the bloc's 2021-27 budget and ahead of an international conference in London on Wednesday and Thursday on raising funds to rebuild Ukraine from a war Russia unleashed on it a year and a half ago.
One of the sources, a senior EU official, said the total included 33 billion euros in macro-financial assistance to help replenish Kyiv's state coffers as it fights back against Russia. For 2023, the EU has offered 18 billion in such support to Kyiv.
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Ahead of the London talks, a senior Ukrainian official said Kyiv was seeking up to $40 billion for the first part of a "Green Marshall Plan" to rebuild its economy from the war.
The World Bank estimates Ukraine's reconstruction will cost more than $400 billion, three times the country's gross domestic product.
($1 = 0.9151 euros)
