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You're reading: West approves $3.2 billion package for Ukraine

This means Kyiv is about to receive $3.23 billion.

“[We] welcome the adoption of the EU Commission proposal on autonomous trade measures for Ukraine [and] additional macrofinancial assistance of 1 billion euro,” EU Commissioner for Enlargement and Neighbourhood Policy Stefan Fule said on April 14 on Twitter.

Aid is intended to contribute to covering Ukraine’s urgent balance-of-payments needs as identified in the government’s economic program supported by the IMF. The trade measures will come in effect on April 23.

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