European Union leaders reaffirmed their willingness on Tuesday 31 May to continue to support the Ukrainian government’s urgent cash needs, estimated by the IMF at around $5 billion.
Noting the $19.8 billion support announced at the G7 Finance Summit (see EUROPE B12957A2), the European Council said it was ready to provide Ukraine with “new exceptional macro-financial assistance of up to €9 billion in 2022”, in the conclusions it adopted at the end of the first working session of...