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Ukrainian PM Denys Shmyhal welcomes 1 bn euro aid package from EU

Ukrainian Prime Minister Denys Shmyhal has welcomed the decision of the European Union (EU) to grant Ukraine a new aid package of 1 billion euros.

Topics
Russia Ukraine Conflict | Russia | Ukraine

IANS  |  Kiev 



Ukraine also plans to attract up to 200 million euros on preferential terms from Italy. AP/PTI

Ukrainian Prime Minister Denys Shmyhal has welcomed the decision of the (EU) to grant a new aid package of 1 billion euros.

The aid, which was approved by the finance ministers of the EU member states earlier in the day, would help to maintain financial stability amid the conflict with Russia, Shmyhal wrote on Telegram.

also plans to attract up to 200 million euros on preferential terms from Italy, Shmyhal was quoted as saying by Xinhua news agency.

Earlier in the day, the Ukrainian Finance Ministry said that Kiev has received a grant of $1.7 billion from the US and will use it to cover state budget expenditures for medical services under the medical guarantee program.

Kiev plans to raise $20 billion in international aid from its Western partners by the end of 2022, said Ukrainian Finance Minister Serhiy Marchenko at a public event last month.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Wed, July 13 2022. 07:16 IST

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