KIEV, Ukraine, March 5 (UPI) -- The European Union has offered Ukraine a $15 billion aid package to stabilize its economy and currency, which have been teetering since the crisis began.
The bailout will help the country deal with its escalating debt, reduce reliance on foreign reserves, and also help prepare for a possible confrontation with Russia. The package will include $2.2 billion in loans and $1.9 billion in grants from the E.U. budget and up to $11 billion in fresh credit from the EU's financial institutions.