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Finance
EU finance ministers back next $5 billion loan to Ukraine
European Union flags flutter exterior the European Central Financial institution (ECB) headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/
PRAGUE, Sept 9 (Reuters) – European Union finance ministers on Friday backed a 5 billion euro ($5 billion) mortgage for Ukraine to assist its preserve colleges, hospitals and different state operations working because it fights towards Russia’s invasion, the Czech finance ministry stated.
The mortgage, to be backed by ensures of EU member states, is a part of an total 9 billion euro package deal introduced in Could. The primary 1 billion euros was absolutely despatched in early August.
Czech Finance Minister Zbynek Stanjura, who was internet hosting EU finance ministers in Prague on Friday, stated in an announcement that upcoming conferences would determine how the remaining 3 billion euros within the package deal might be break up into loans or grants.
($1 = 0.9954 euros)
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Reporting by Jason Hovet;
Modifying by Alexander Smith
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