EU seeks to keep up support for Ukraine despite economic damage

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman/File Photo/File Photo

BRUSSELS (Reuters) - European Union foreign ministers sought on Monday to show that the bloc can maintain its financial and military support for Ukraine despite the serious inflationary impact on EU economies five months after Russia's invasion.

The foreign ministers are likely to approve another 500 million euros ($504.35 million) of EU funding to supply arms to Ukraine, taking the bloc's security support to 2 billion euros since Russia forces swept into Ukraine on Feb. 24. They are also close to agreeing an import ban on Russian gold.