EU Agrees to Provide Ukraine With New $54 Billion Aid Package

The European Commission says the aid package will help Ukraine keep its administration running amid the ongoing war.

Ukrainian President Volodymyr Zelenskyy welcomes European Commission President Ursula von der Leyen, as Russia's attack on Ukraine continues, ahead of EU summit in Kyiv, Ukraine, on Feb. 2, 2023. Ukrainian Presidential Press Service/Handout via Reuters

All 27 leaders of European Union member states agreed on Feb. 2 to provide Ukraine with an additional 50 billion euro ($54 billion) aid package amid the country’s ongoing war with Russia.

The aid package, scheduled to be distributed from 2024 to 2027, includes 33 billion euros “in the form of loans” and 17 billion euros in “non-repayable support,” the European Council said in a statement.