EU Disbursed Another 1.5 Billion Euro from 18-Billion-Euro Macro-Financial Package
Tuesday, 21 March 2023
The European Union paid Ukraine on Tuesday the second tranche of macro-financial aid amounting to 1.5 billion euros from the package of 18 billion euros.
Ursula von der Leyen, president of the European Commission, has shared the news that the EU disbursed another €1.5 billion to Ukraine. She underlined that the EU keeps Ukraine running while defending itself. It also puts Ukraine firmly on its EU path by supporting reforms.
"Together we are writing Ukraine's European future" the President of the European Commission stated.
Today we disbursed another €1.5 billion to Ukraine.
Our support helps keep Ukraine running, while defending itself.
And puts Ukraine firmly on its EU path by supporting reforms - good governance and financial stability, for example.
Vice President of the European Commission Valdis Dombrovskis clarified that Ukraine has fulfilled the conditions for this payment, and has also appointed the head of the National Anti-Corruption Bureau.
The decision on this aid package was made with many difficulties. The EU leaders finally reached an agreement on it in mid-December.
Kyiv received the first tranche without the requirement to fulfill the conditions. However, according to the agreements, Ukraine will receive the next 15 billion euros only for the fulfillment of its commitments.
Macro-financial assistance is a loan that Ukraine receives at a favourable interest rate.