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EU Parliament approves $18.7bln loan for Ukraine in 2023

EU Parliament approves $18.7bln loan for Ukraine in 2023

Kiev, Nov 24 (UNI) The European Parliament approved on Thursday an 18 billion euro (
18.7 billion) conditional loan for Ukraine to cover essential public services and rehabilitation of infrastructure throughout next year.
"The 18 billion euros will cover roughly half of the estimated 3-4 billion euros monthly funding Ukraine needs in 2023. The money will go to supporting essential public services - such as running hospitals, schools, and providing housing for relocated people -, macroeconomic stability and the restoration of critical infrastructure destroyed by Russia, according to the Commission’s proposal," the EU legislature said in a statement.

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