The EU Foreign Affairs Council has approved a mid-term loan of 1 billion euro and an additional 610 million euro in micro-financial aid for Ukraine. "[We] welcome the adoption of the EU Commission proposal on autonomous trade measures for Ukraine [and] additional macrofinancial assistance of 1 billion euro," EU Commissioner for Enlargement and Neighbourhood Policy Stefan Fule said on Twitter.
At issue is aid in the form of a medium-term loan of up to 1
billion euro, intended to contribute to covering Ukraine’s urgent
balance-of-payments needs as identified in the government’s economic
program supported by the IMF. This comes in addition to the already
approved, but not yet disbursed macro-financial assistance of 610
million euro.
