EU foreign policy and security chief Josep Borrell announced on Monday that the EU had agreed to provide another €500 million in financial support to the Ukrainian army, bringing the total amount provided by the bloc to €2.5 billion. writes the European edition of the American newspaper "Politico".

"Everyone unanimously said 'yes, let's put in 500 million more,'" Borrell told reporters after a meeting of EU foreign ministers in Brussels.

"The decision will be taken in the coming days, but today the ministers agreed on the proposal."

The money will be paid through an EU fund called the European Peace Facility (EPF), which reimburses bloc members who send weapons to Ukraine to help it fight Russia invasion.

The US announced $820 million in new military aid to Ukraine

The EU agreed to put €500m into the EPF in February and has increased it several times since then.

This fifth cash tranche, which still needs to be approved by EU countries, will bring total support to Ukraine to 2.5 billion euros.

European Council President Charles Michel tweeted that he "welcomed" ministers' agreement on the new funding, adding: "Europe continues to work for peace and the defense of our values."

Borrell also said work on sanctions against Russia would continue, with more measures to come.

"These sanctions are working, the Russian economy is seriously affected," Borrell said, adding that the sanctions have not led to an increase in oil prices.

Monday's meeting of foreign ministers also included a discussion about the European Commission's plans to ban Russian gold imports.

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