Ukrainian PM Denys Shmyhal welcomes 1 bn euro aid package from EU

Ukrainian Prime Minister Denys Shmyhal has welcomed the decision of the European Union (EU) to grant Ukraine a new aid package of 1 billion euros.

Ukraine also plans to attract up to 200 million euros on preferential terms from Italy. AP/PTI
IANS Kiev
1 min read Last Updated : Jul 13 2022 | 7:37 AM IST

Ukrainian Prime Minister Denys Shmyhal has welcomed the decision of the European Union (EU) to grant Ukraine a new aid package of 1 billion euros.

The aid, which was approved by the finance ministers of the EU member states earlier in the day, would help Ukraine to maintain financial stability amid the conflict with Russia, Shmyhal wrote on Telegram.

Ukraine also plans to attract up to 200 million euros on preferential terms from Italy, Shmyhal was quoted as saying by Xinhua news agency.

Earlier in the day, the Ukrainian Finance Ministry said that Kiev has received a grant of $1.7 billion from the US and will use it to cover state budget expenditures for medical services under the medical guarantee program.

Kiev plans to raise $20 billion in international aid from its Western partners by the end of 2022, said Ukrainian Finance Minister Serhiy Marchenko at a public event last month.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Russia Ukraine ConflictRussiaUkraineEuropean Union

First Published: Jul 13 2022 | 7:16 AM IST

Next Story