Ukrainian PM welcomes 1 bn euro aid from EU

Kiev, July 13 (IANS) 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.
 
Ukrainian PM welcomes 1 bn euro aid from EU

Kiev, July 13 (IANS) 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.

--IANS

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