EU Proposes 1.8 Billion Euros of New Support for Ukraine

January 8, 2015 4:24 PM

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The European Union is considering a further 1.8 billion euros ($2.1 billion) in aid to Ukraine to help the former Soviet republic overhaul its economy, which has been ravaged by a separatist conflict in its easternmost regions.

The European Commission, the EU executive, said the fresh loans, on top of $17 billion already pledged in the International Monetary Fund-led rescue of the troubled country, were contingent on the Ukrainian government pushing through economic reform measures and fighting corruption.

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