European Union leaders meeting in Brussels have agreed to send Ukraine nine billion euros to support its economy in the face of Russia's invasion, EU chief Charles Michel announced on May 30th.
Strong and concrete support to Ukraine
- EU will continue helping Ukraine with its immediate liquidity needs.
- European Union leaders meeting in Brussels have agreed to send Ukraine nine billion euros to Ukraine.
- Agreement to ban export of Russian oil to the EU. This immediately covers more than two thirds of oil imports from Russia, cutting a huge source of financing for its war machine.
- Maximum pressure on Russia to end the war and will effectively cut around 90 percent of oil imports from Russia to the EU by the end of the year.
- Disconnecting Russia's biggest bank Sberbank from the global SWIFT system, banning three state broadcasters and blacklisting individuals blamed for war crimes.
