EU eyes to set up a 'Ukraine Solidarity Trust Fund' to help the country rebuild after the war
EU leaders intend to set up a "trust fund" for Ukraine as it battles Russia's invasion and to help it rebuild after the war, according to a draft document seen by AFP Tuesday.
Leaders from the 27-nation bloc meet in Brussels on Thursday for a two-day summit focused on dealing with the fallout from the Kremlin's assault on its pro-Western neighbour.
The draft, still under negotiation, gave no further details on the planned size or working of the fund.
It called for "an international conference to be organised in due time to raise funding under the Ukraine Solidarity Trust Fund".
EU chief Charles Michel first mooted the fund in a call with Ukraine's President Volodymyr Zelensky last Friday.
The EU has already agreed 1.2 billion euros ($1.3 billion) in emergency funding to help the Ukrainian authorities.