EU finance ministers agreed on Tuesday to loan Ukraine 1.8 billion euros ($2.0 billion) to help save it from bankruptcy, leaving open the option of increasing aid at a later stage.
Diplomats at the meeting in Brussels said several European governments including Britain pushed for as much as 2.6 billion euros in medium-term loans for this year and 2016.
“The European Commission put 1.8 billion on the table. Some wanted us to do more,” French Finance Minister Michel Sapin told reporters. “What is urgent today is to start implementing this package … because Ukraine needs it so the government will not be …read more
Source: Newsweek
