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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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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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The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

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