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Bloomberg: EU looking to finalize $9.5 billion loan package for Ukraine.

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The plan is to provide Kyiv with 25-year loans, with a 10-year grace period to reimburse the principal, Bloomberg reports quoting three EU officials who added that interest payments would be covered by the EU budget. The aid requires approval from all 27 member states.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Pokrovsk, a city that held back some of Russia’s fiercest assaults for over a year, is now on the verge of falling. The Kyiv Independent’s Francis Farrell explains how the battle reached this point and what Pokrovsk’s fall could mean for the wider defense of Donetsk Oblast.

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