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EU eyes cheap loan plan for ‘stable’ Ukraine funding in 2023

November 9, 2022


The European Union on Wednesday unveiled a plan to provide Ukraine with around 18 billion euros (dollars) in financial aid next year in regular payments to help the war-ravaged country keep its energy and health care facilities running as well as to fund salaries and pension schemes.

The EU’s executive branch, the European Commission, said the aid would involve loans with extremely favorable terms worth around 1.5 billion euros every month, possibly starting in January. Ukraine would not have to reimburse the funds for at least a decade and EU member countries would cover the interest costs.

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