European Commission To Propose Financial Support Of Up To 18 Billion Euro For Ukraine In 2023

European Commission President Ursula von der Leyen is to propose that the European Union support Ukraine with up to €18 billion ($17.9 billion) next year. Von der Leyen informed Ukrainian President Volodymyr Zelenskiy of her plan to propose the package in a phone call on November 6, the European Commission said in a news release. "Both leaders recognized the importance of ensuring predictable and regular funding of essential state functions," the news release said. The support will come in the form of "highly concessional long-term loans" that would also work to support Ukraine's reforms and its path toward EU membership. To read the original news release from the European Commission, click here.