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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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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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In the latest episode of Ukraine This Week, the Kyiv Independent’s Anna Belokur reports on another failed round of U.S.-Russia diplomacy over a controversial peace plan, as Moscow presses ahead on the battlefield and advances in and near Pokrovsk.

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