The European Union has transferred a new tranche of macro-financial assistance to Ukraine worth €1.5 billion.

"The EU has financially supported economic stability and the provision of public services in Ukraine since the very beginning of Russia's war against it. Today we are providing a new €1.5 billion," Ursula von der Leyen, the head of the European Commission, said on Twitter. 

Europe's funding has supported Ukraine's economic stability and public services since the start of Russia’s war.

Today we disburse a new €1.5 billion.

Our support to Ukraine has now reached €85 billion.
More will come.

We have proposed €50 billion for Ukraine until 2027. pic.twitter.com/7zR0PYe8X9

— Ursula von der Leyen (@vonderleyen) November 22, 2023

Ursula von der Leyen stressed that EU assistance to Ukraine has now reached €85 billion and there "will be more", as the Commission proposed to allocate another €50 billion by 2027. 

In general, the EU's budget support in 2023 already amounts to €16.5 billion. A macro-financial support package totalling €18 billion was provided for the year.  

Macro-financial assistance is a loan provided to Ukraine at a favourable interest rate. 

Regarding the intention to allocate an additional €50 billion, they say that the EU have a "plan B" if Hungary vetoes it. 

For more in the article Price of Saving Ukraine. On What Conditions EU Allocates €18 Billion to Kyiv.