The document distributed by Brussels notes that the EU will continue to provide Ukraine with “regular and predictable financial support.”

“A €50 billion financial assistance package for 2024-2027 will help Ukraine meet its immediate needs, rebuild its economy and society, modernize its institutions and strengthen democracy and the rule of law,” the statement said.

Earlier, the Financial Times reported that the EU plans to find $1.5 billion to purchase artillery shells for Kyiv according to the Czech Republic's plan.