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  • World - Europe
  • Updated: January 25, 2022

EU To Back Ukraine With €1.2 Billion Aid Package

EU To Back Ukraine With €1.2 Billion Aid Package

The European Union Commission Chief, Ursula von der Leyen has presented plans for an emergency aid package for Ukraine as fear mounts over the impending invasion of the country by Russian forces.

The EU Commission chief said on Monday that the financial aid package is meant to help Ukraine to address its rapid escalation in financing needs due to the conflict.

The statement read; "The Commission proposes a new emergency assistance package of 1.2 billion euros."

Von der Leyen urged EU member states and the European Parliament to approve the assistance as soon as possible. She also called on international partners such as the International Monetary Fund (IMF) to follow the same approach and renew their engagement with Ukraine.

Russia has amassed an estimated 100,000 troops within reach of the Ukrainian border, in sight of an invasion of the country.

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