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Reuters
Reuters
Business
Francesco Guarascio

EU to offer Ukraine new loans to plug immediate needs

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman

The European Commission is set to propose on Wednesday 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.

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

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