EU may allocate 500 bln euro to help Ukraine revive its economy — agency

The European Union plans to allocate 500 billion euro in financial aid to Ukraine to help it revive its economy, Bloomberg said on Sunday, citing sources.

According to Bloomberg’s sources, the European Commission is looking at financing options, such as grants and loans.

A plan for the revival of Ukraine’s economy will be presented at a conference in Lugano on July 4-5. Bloomberg says that the more than 2,000-page plan includes infrastructure, security, climate, energy and digitalization programs.

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