EU to disburse €5bil in aid to Kyiv this week

EU to disburse €5bil in aid to Kyiv this week

The Ukrainian PM says the aid will support the economy and help the country prepare for winter.

German president Frank-Walter Steinmeier (right) welcomes Ukrainian prime minister Denys Shmyhal in Berlin today. (AP pic)
BERLIN:
Ukraine expects to receive €5 billion (US$4.98 billion) in macro-financial aid from the European Union this coming week to support the economy and army, and to prepare for the looming winter, Ukrainian prime minister Denys Shmyhal said today.

“This will help to ensure the stability of our economy, support of the army and the … heating season”, Shmyhal said in a statement on Telegram ahead of talks with German president Frank-Walter Steinmeier.

Russia’s invasion of Ukraine is sapping the country’s resources and Kyiv has repeatedly sought financial aid from the EU, the US and international lenders.

Shmyhal, who arrived in Berlin late on Saturday, is expected to meet German Chancellor Olaf Scholz and other officials.

Germany is expected to supply sophisticated air defence systems to Ukraine this autumn, Shmyhal said in his statement.

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