The European Union is sending Ukraine a $15 billion aid package

The European Union is sending Ukraine a $15 billion aid package

Just a day after the U.S. government offered a $1 billion aid package to Ukraine, the European Union is following suit. The group of countries is prepping a $15 billion package to be dispersed over the next two years. It includes loans, grants, and fresh credit from the European Investment Bank, said European Commission President Jose Manuel Barroso.

Details on how the package will be distributed or the conditions the fledgling government has to meet were scarce, but the package comes as Western countries are ramping up pressure on Moscow to pull back its forces from Crimea. Diplomats, including Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State John Kerry, are meeting today in Paris to discuss the crisis.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us

Jordan Valinsky is the lead writer for Speed Reads. Before joining The Week, he wrote for New York Observer's tech blog, Betabeat, and tracked the intersection between popular culture and the internet for The Daily Dot. He graduated with a degree in online journalism from Ohio University.