Published by Global Banking & Finance Review®
Posted on December 9, 2024
1 min readLast updated: January 27, 2026
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The EU has approved a €4.2 billion payment to support Ukraine's economy as part of a larger financial package amid ongoing conflict with Russia.
BRUSSELS (Reuters) - Ukraine will soon get another 4.2 billion euros ($4.4 billion) in funds after the European Union's member states approved the planned payment of the money, said the EU Council on Monday.
The money, which forms part of the EU's Ukraine facility, will help Ukraine's economy, as the country continues to fight against Russia.
The G7 group of the world's biggest economies have earmarked an overall loan of $50 billion for Ukraine, serviced by profits generated by Russian assets immobilised in the West.
($1 = 0.9454 euros)
(Reporting by Sudip Kar-Gupta)
The article discusses the EU's approval of a €4.2 billion payment to support Ukraine's economy as part of a larger financial aid package.
The G7 has earmarked an overall loan of $50 billion for Ukraine, serviced by profits from immobilized Russian assets.
The payment is intended to support Ukraine's economy amid its ongoing conflict with Russia.
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