The European Council has approved the creation of the Ukraine Assistance Fund (UAF) and earmarked 5 billion euros ($5.4 billion) for it as Kyiv struggles to battle invading Russian forces. "With the fund, we will continue to support Ukraine defend itself from Russia’s war of aggression with whatever it takes and for as long as we need to," the EU's top diplomat, Josep Borrell said in a statement on March 18. The funds will be used for the provision of both "lethal and nonlethal military equipment and training," it said.
EU Council Approves New Aid Fund For Ukraine With $5.4 Billion
Ukrainian President Volodymyr Zelenskiy shakes hand with EU foreign policy chief Josep Borrell in Kyiv on February 7.