EU, G7 back 9 billion euros of loans for Ukraine

EU members have backed a package of loans worth 9 billion euros ($9.7 billion), with a small component of grants to cover part of the interest, for Ukraine to keep its government going and pay wages for about two months.

Leaders also backed the creation of an international fund to rebuild Ukraine after the war, with details to be decided later.

The European Council President Charles Michel said in a tweet that the council “will continue helping Ukraine with its immediate liquidity needs, together with G7.”