EU explains catch to $18 billion in Ukraine aid ...News

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EU explains catch to $18 billion in Ukraine aid
Kiev will have 35 years to pay the bloc back The European Commission plans to offer Ukraine an $18 billion package of loans to get the country through 2023, on the condition that Kiev repays the debt over 35 years, Commission Vice-President Valdis Dombrovskis told reporters on Wednesday. The package will be doled out in monthly increments of $1.5 billion through 2023, with each installment paid back in 35 years, Dombrovskis said during a press briefing, according to the Euractiv news site. The EU would borrow the money from global markets and pay the interest on the loans, he added. Dombrovskis said that Ukraine w

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