(Yves Herman/Reuters)The EU Council on Tuesday cemented an additional 5 billion euros (nearly $5 billion) in macro-financial assistance for Ukraine by formally adopting the move agreed by the bloc's finance ministers earlier this month, according to the Council's website. It follows the 1 billion euros (about $1 billion) package adopted by the EU Council in July. While the total macro-financial assistance package is made up of both loans and grants, the latest 5 billion euros is purely in loans, to be repaid by Ukraine within 25 years with guarantees, an EU spokesperson told CNN. Some background: EU finance ministers had agreed on a statement on Sept. 9 in support of the additional 5 billion euros in assistance for Ukraine. Today, this additional assistance was formally adopted, according to the press release.

Source: CNN September 20, 2022 22:24 UTC