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European Parliament approves 5 billion euro loan to Ukraine

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"This is the second, and largest, tranche of a 9 billion euro EU support package, of which €1 billion has already been disbursed," the European Parliament announced on Sept. 15. The loan is set to help Ukraine cover its emergency needs caused by Russia’s invasion and contribute “to the public debt sustainability of Ukraine,” according to the report.

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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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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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