European Union plans to back Ukraine with a $1.36 billion financial aid package to mitigate the effects of the conflict with Russia, which has amassed troops on Ukraine's border
An estimated 100,000 Russian troops are within reach of the Ukrainian border, while Moscow waits for written responses from Washington and NATO to its security demands.
"The Commission proposes a new emergency macro-financial assistance package of 1.2 billion euros ," von der Leyen said in Brussels , adding the package would be made up of both emergency loans and grants. The European Commission itself would almost double its bilateral assistance in grants to Kiev this year, adding another $135 million on top of the $180 million already planned, she said.EU foreign ministers on Monday condemned the Russia’s “continued aggressive actions and threats” against Ukraine and called for de-escalation and respect of international law.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU: Markit Manufacturing PMI improves to 59 in January vs. 57.5 expectedThe business activity in the eurozone's manufacturing sector expanded at a more robust pace in early January than it did in December with IHS Markit's
Read more »
EU draft plan on green label for nuclear energy faces Germany's objectionIn its letter to Brussels, the German government pointed to the lack of any safety requirements regarding nuclear power plants, while adding that the question of where to store radioactive waste in the long term was still unanswered.
Read more »
European Securities and Markets Authority Vice-Chair Wants EU to Consider Ban on PoW Crypto MiningA top European securities regulator says that the EU should consider banning energy-intensive forms of crypto mining. Speaking in a recent interview with the Financial Times, vice-chair of the European Securities and Markets Authority Erik Thedéen argued Bitcoin mining has become a national...
Read more »
$1 Billion Just Sent From Tether Treasury to Binance: Here is Why$1 billion worth of USDT was just sent from the Tether treasury to Binance.
Read more »
U.S. shipment of 'lethal aid' reaches Ukraine amid Russia tensionsThe first American shipment of 'lethal aid,' part of a $200 million package of military assistance, to Ukraine has touched down in Kyiv, the country's U.S. Embassy says.
Read more »