EU Disbursed Another 1.5 Billion Euro of Macrofinancial Assistance to Ukraine

Tuesday, 22 August 2023

Ukraine has received another tranche of macrofinancial assistance from the European Union amounting to €1.5 billion.

"We are mobilising every effort to help Ukraine. Today, we paid another €1.5 billion in assistance to the country, as it faces Russia's brutal war of aggression and works on restoring its infrastructure. And our support will go well beyond 2023," noted Ursula von der Leyen, the President of the European Commission.

According to her, the total amount of macrofinancial assistance disbursed by the EU to Ukraine since May 2022 has reached €19.2 billion.

 

Prior to this, the President of the European Commission and the President of Ukraine, Volodymyr Zelenskyy, held a bilateral meeting in Athens.

The first tranche of macrofinancial assistance from the EU, €3 billion out of €18 billion, was received by Ukraine in January. The first tranche was transferred to Kyiv without conditions. However, according to agreements, the next €15 billion could be provided to Ukraine only upon fulfilling its commitments.

Ukraine received the previous tranche of macrofinancial assistance in late July.

Read more about the EU's assistance Price of Saving Ukraine. On What Conditions EU Allocates €18 Billion to Kyiv

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