The European Union’s executive body has proposed for the first time offering up to €9 billion, equivalent to $9.5 billion, to help Ukraine pay its bills through the rest of 2022, matching U.S. plans to provide immediate short-term aid.
The money, which will need to be signed off by EU member states and the European Parliament, comes on top of a €1.2 billion loan this spring, as Europe and its Western allies seek to help President Volodymyr Zelensky’s government pay debts and keep providing basic services for Ukrainians amid the Russian invasion.
