Ukraine granted extra E.U. aid of 1 billion euros
. An initial 1.2 billion-euro E.U. loan package got the green light from the bloc’s finance chiefs days before Russia’s full-scale Feb. 24 attack.
“This will give Ukraine the necessary funds to cover urgent needs and ensure the operation of critical infrastructure,” said Zbynek Stanjura, finance minister of the Czech Republic, which currently holds the E.U.’s rotating presidency, in a statement. The five-month-old war is having worldwide economic and social reverberations, ranging from possible food shortages in Africa to energy-supply disruptions in the E.U. These in turn are raising the risk of a global recession.
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