European Union plans to back Ukraine with a $1.36 billion financial aid package to mitigate the effects of the conflict with Russia, which has amassed troops on Ukraine's border
An estimated 100,000 Russian troops are within reach of the Ukrainian border, while Moscow waits for written responses from Washington and NATO to its security demands.
"The Commission proposes a new emergency macro-financial assistance package of 1.2 billion euros ," von der Leyen said in Brussels , adding the package would be made up of both emergency loans and grants. The European Commission itself would almost double its bilateral assistance in grants to Kiev this year, adding another $135 million on top of the $180 million already planned, she said.EU foreign ministers on Monday condemned the Russia’s “continued aggressive actions and threats” against Ukraine and called for de-escalation and respect of international law.
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