What does the EU aid package mean for Ukraine?

The aid package — about two-thirds loans and one-third grants to be paid out over a four-year period — is not intended to fund arms and ammunition, which fall under a separate EU plan. Instead, it aims to stabilize Ukraine’s economy after nearly two years of fighting, pay for rebuilding, and set the country up for future EU membership.

How will EU money be spent on Ukraine?

The EU is providing Ukraine with $54 billion. How will the money be spent? FILE - A woman buys from a vendor at a market in Kyiv, Ukraine, Monday, Jan. 30, 2023. EU leaders on Thursday, Feb. 1, 2024, sealed a deal to provide Ukraine with 50 billion euros ($54 million) to shore up its economy ravaged by a nearly two-year-old war with Russia.

Did European Union agree to extend 50 billion euros to Ukraine?

BRUSSELS, Feb 1 (Reuters) - European Union leaders unanimously agreed on Thursday to extend 50 billion euros ($54 billion) in aid to Ukraine, overcoming weeks of resistance by Hungary. Following is some of the initial reaction. EUROPEAN COUNCIL PRESIDENT CHARLES MICHEL: "We have a deal.