EU disburses another €1.5B in aid to Ukraine

EU disburses another €1.5B in aid to Ukraine

The European Union disbursed another tranche of EUR 1.5 billion in macro-financial assistance to Ukraine.

“We are supporting Ukraine in its efforts to repair, recover and keep the state running. Today we paid a new €1.5 billion to Ukraine,” President of the European Commission Ursula von der Leyen posted on X (formerly known as Twitter).

The European Commission President also pledged more aid this year and beyond.

Read also: EC President, Zelensky discuss Ukraine’s progress on EU path, continued support

As reported, the Council of the European Union supported on December 10 the European Commission's proposal to disburse additional financial support to Ukraine in 2023. The new program of macro-financial assistance for Ukraine will amount to 18 billion euros. It is expected that preferential loan funds will be transferred to the state budget throughout 2023 in equal parts, taking into account Ukraine's fulfillment of the conditions agreed by the parties. On January 16, Ukraine and the EU signed a Memorandum of Understanding on the provision of 18 billion euros in macro-financial assistance.

On January 17, Ukraine received the first tranche of 3 billion euros within the framework of the macro-financial assistance program. The second tranche of 1.5 billion euros was allocated in March.

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