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Ukraine's state gas firm Naftogaz owes about €1.5bn to Russia's Gazprom (Photo: qwertyuiop)

EU to approve €1.1bn Ukraine aid package

The European Commission will officially agree to offer Ukraine €1.1 billion in emergency aid on Thursday (5 March), officials told EUobserver.

The move amounts to a top-up of €500 million to a previous offer of €610 million.

US secretary of state John Kerry said on a visit to Kiev this week that Washington will add loan guarantees worth $1 billion (€750 million) into the pot.

The International Monetary Fund (IMF) is expected to contribute as well, amid reports the total f...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Ukraine's state gas firm Naftogaz owes about €1.5bn to Russia's Gazprom (Photo: qwertyuiop)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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