The European Commission on Wednesday proposed 5 billion euros (about $5 billion) in macro-financial assistance loans to Ukraine, EU Commission President Ursula von der Leyen said.
The proposal would help the country address "its immediate financial needs caused by Russia's brutal invasion," she said.
The commission said in a news release that the aid was part of a 9 billion euros (about $9 billion) funding package agreed by EU leaders in May.
The proposal now needs to be approved by the European Parliament and the EU Council.
Ukraine "must win this war: it must regain the freedom and independence it is so courageously fighting for. The EU will continue to do its part to make sure this happens – solidarity will prevail, and peace will come," von der Leyen also said.