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Ukraine to receive 1 billion euros in aid from Germany

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The Ukrainian and German Finance Ministries on June 25 signed an agreement for 1 billion euros in grant funding "to finance priority social and humanitarian expenditures during martial law," according to a Ukrainian Finance Ministry statement. Ukraine has previously requested $5 billion per month in assistance from other countries.

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The Kyiv Independent news desk

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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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