Ukraine receives €1B in macro-financial assistance from EU

Ukraine received EUR 1 billion in macro-financial assistance from the European Union in full.

“We have very positive news today. Ukraine received EUR 1 billion out of 9 billion macro-financial assistance approved by all the leaders of the EU member states. The European Council confirmed this decision twice. We expect to receive another 8 billion euros,” Ihor Zhovkva, Deputy Head of the President’s Office, said at a briefing, an Ukrinform correspondent reports.
According to Zhovkva, some EU member states, in particular Germany, are still blocking consideration of this issue.

The President of Ukraine is in talks with partner countries on this matter, the official added.

As reported, on July 1, 2022, the European Commission announced the allocation of additional financial assistance to Ukraine worth 1 billion euros.

On July 7, the European Parliament voted to support the European Commission’s proposal to grant Ukraine macro-financial assistance to meet urgent budgetary needs in the amount of 1 billion euros.

EU High Representative Josep Borrell stated that the European Council had adopted a decision to allocate EUR 1 billion to Ukraine and would continue to work towards providing the remaining EUR 9 billion in macro-financial assistance agreed at the EU level.

The other day, the Ministry of Finance of Ukraine announced that Kyiv received the first tranche of EUR 500 million out of EU macro-financial assistance package totaling EUR 1 billion.