Dec. 12 (UPI) -- European Union member states have approved nearly $2.7 billion in funding for Ukraine as part of a plan to bolster the war-besieged nation's recovery, reconstruction and modernization.
The disbursement of the funds was approved Thursday by the European Council, the 27-member block's top political steering body, to boost Ukraine's macro-financial stability and support the functioning of its public administration, the council said in a statement.
"I am grateful to the EU for the steadfast support," Sergii Marchenko, Ukraine's minister of finance, said in a statement.
"The [Ukraine-EU] partnership ensures our financial stability today and lays the foundation for Ukraine's shared future in the EU."
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