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Reuters
Reuters
Business

EU offers Ukraine 1.2 billion euro aid package

European Commission President Ursula von der Leyen gives a statement on Ukraine at the EU headquarters in Brussels, Belgium, January 24, 2022. John Thys/Pool via REUTERS

The European Union aims to help Ukraine with a 1.2 billion euro financial aid package to mitigate the effects of the conflict with Russia, which has amassed troops and heavy weapons on Ukraine's border, EU Commission Chief Ursula von der Leyen said.

"The Commission proposes a new emergency macro-financial assistance package of 1.2 billion euros," von der Leyen told reporters in Brussels on Monday, adding the package would be made up of both emergency loans and grants.

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