Ukrainian president thanks EU for new 1.2 billion euro loan

KYIV - Ukraine's President Volodymyr Zelenskiy on Monday thanked the European Union for what he said was a "timely" decision to provide 1.2 billion euros in macro-financial assistance to support Kyiv in its standoff with Russia.

"Strong Ukraine is key for European security," Zelenskiy said in a tweet following EU Commission President Ursula von der Leyen's announcement on a planned financial aid package for Ukraine to mitigate the effects of the standoff with Russia.