EU, Ukraine Sign Memo On Micro Financial Assistance Worth EUR 5 Bln

The EU and Ukraine have signed a memorandum of understanding on the provision of macro-financial assistance for EUR 5 billion, the first part of it will be paid in mid-October, Executive Deputy Chairman of the European Commission Valdis Dombrovskis said.

“Pleased to sign second Memorandum of Understanding with Ukraine since Russia began its brutal war. This time: the EU will provide EUR 5 bln for Ukraine’s immediate liquidity needs, pay salaries & pensions. We will deliver first part mid-October, next two parts to follow later in year,” Dombrovskis said on Twitter Monday.