EU finance ministers agree on EUR 5 billion loan for Ukraine

EU finance ministers agreed to provide Ukraine with a loan of five billion euros at an informal meeting within the Czech EU presidency in Prague on Friday. According to the Slovak finance minister, Igor Matovič, the sum will be enough to cover Ukraine's expenses for roughly a month.

The European Commission presented the plan to provide the additional loan to Ukraine on Wednesday. The support still needs to be approved by the EU member states and the European Parliament.