EU’s Borrell proposes a new €5 billion euros bilateral envelop to Ukraine

KYIV (Reuters) – European Union foreign policy chief Josep Borrell said on Monday that he proposed to Ukraine a new bilateral multi-annual envelope of the European peace facility of up to 5 billion euros ($5.26 billion) for the next year.

“I hope we can reach an agreement before the end of the year”, he also said at a joint press briefing in Kyiv, Ukraine with Ukraine’s Foreign Minister Dmytro Kaluba.

($1 = 0.9505 euros)

(Reporting by Benoit Van Overstraeten, Charlotte Van Campenhout)