Ukraine Gets EU Offer Of New Financial Aid For Immediate Needs

The European Commission is set to propose tomorrow a new package of financial aid to Ukraine, including new loans to provide immediate liquidity to Kyiv and commitments for the long-term financing of the country's reconstruction, officials said.

BRUSSELS •

The size of the short-term financial support is still being defined but two officials told Reuters they expected it to cover Ukraine's financial needs for roughly two months, largely through loans.

A third official said the money would come from the European Union budget and EU governments, dismissing earlier talk that the funds could be raised in the market with the issuance of joint bonds backed by the EU budget.