EU trade chief signs 5b-euro financial aid MoU with Ukraine

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Valdis Dombrovskis, the European Commission's executive vice president and commissioner for trade, signed a second Memorandum of Understanding with Ukraine since the Russia-Ukraine conflict began in February, the European Commission said in a tweet on Monday.

"The European Union will provide 5 billion euros to Ukraine to cover immediate liquidity needs, pay salaries and pensions. We will deliver first tranche in mid-October," it added.