EU to provide additional $3.8B aid to Ukraine
The Council of the EU has approved an additional €3.5 billion ($3.8 billion) worth of financial aid in non-repayable grants and loans to Ukraine, according to a press release by the European Council on Monday.
"The main objective of the Facility is to support Ukraine's macro-financial stability and recovery, reconstruction and modernization," it said.
The aid is the third payment under the Ukraine Facility, which the country will have received close to €20 billion under the Ukraine Facility since its entry into force a year ago.
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