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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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Russia attacked Kharkiv with drones on Oct. 22, damaging a kindergarten and killing one person, injuring at least six, local authorities reported.

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Former U.S. Ambassador Steven Pifer discusses recent U-turn in U.S. President Trump’s policy on Ukraine following a phone call with Putin. Pifer says that Trump can still end Russia’s war if he starts using leverage on Moscow but argues that, regardless, Ukraine and Europe should assume they will have to manage the conflict without U.S. support.

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