EU could organise donor conference for Ukraine
The European Union has had contact with the United States, Japan, China, Canada and Turkey about coordinating aid for Ukraine, a European Commission official has said.
The official, who declined to be identified by name, said the EU could organise a donors’ conference to raise short-term funding for Ukraine, which has said it needs $35 billion (£21bn) to survive economically over the next two years.
“A donors’ conference as the situation stabilizes would be one way (to help Ukraine),” he told Reuters. The European Commission confirmed a variety of options for financial assistance were being discussed. Efforts are being made to keep Russia engaged in the process.
It is unlikely that any one nation would be willing to lend Ukraine such large amounts but smaller, bilateral loans, possibly coordinated by via the EU, could be used to provide short-term assistance.
A comprehensive aid package is only likely to come into being after elections in May and would be overseen by the International Monetary Fund.
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