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War: EU Hands Ukraine Major Boost As It Battles Russia

Posted by Thandiubani on Wed 13th Jul, 2022 - tori.ng

Recall that the war between Ukraine and Russia began in February this year.

The European Union (EU) has given a much needed boost to Ukraine as the country fights Russia.

Finance ministers from the 27-nation EU gave the go-ahead on Tuesday to €1billion in loans to the Ukrainian government.

The amount brings to 2.2 billion euros, the total amount of E.U. macro-financial assistance to Kyiv this year.

Recall that an initial 1.2 billion-euro EU loan package got the green light from the bloc’s finance chiefs days before Russia’s full-scale February 24 attack.

“This will give Ukraine the necessary funds to cover urgent needs and ensure the operation of critical infrastructure,” said Zbynek Stanjura, finance minister of the Czech Republic, which currently holds the E.U.’s rotating presidency, in a statement.

Recall that the war between Ukraine and Russia began in February this year.

Several casualties have been recorded due to the war.