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EU to loan Ukraine €5 billion PER MONTH to keep country from collapsing – diplomats

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According to the Ukrainian government and the International Monetary Fund, Ukraine needs €5 billion per month to keep the economy afloat

The European Commission is planning to issue new EU debt to cover Ukraine’s short-term financing needs over the next three months, estimated at €15 billion, three diplomats with knowledge of the discussion told POLITICO.
The plan would be unveiled as early as May 18, they said.

According to the Ukrainian government and the International Monetary Fund, Ukraine needs €5 billion per month to keep the economy afloat — from paying wages and pensions to caring for displaced populations and other war-related costs.

The United States has pledged to provide a third of that sum, which would leave €10 billion uncovered.

The Commission briefed EU ambassadors Friday on a plan to bridge that gap, which would entail the Commission issuing debt on the back of

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