The EU plans to propose a financial aid package of around EUR 50 bln to support Ukraine as it embarks on a counteroffensive to retake territory lost to Russia. The aid will finance the Ukrainian government’s current expenditures and urgent reconstruction priorities. However, the aid disbursement is contingent on Ukraine fulfilling reforms to address corruption and improve the rule of law. It would provide less annually than the EU’s EUR 18 bln in financial assistance this year. The World Bank has estimated that Ukraine’s reconstruction costs could amount to USD 411 bln.