European Commission transferred the last tranche of the macro-financial aid package to Ukraine
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Economics
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European Commission transferred the last tranche of the macro-financial aid package to Ukraine

EU

The European Commission transferred to Ukraine the last tranche of €1.5 billion from the package of macro-financial assistance. The country received €18 billion from the EU in 2023 through long-term soft loans.

Ukraine received another micro-financial tranche from the EU

The European Commission transferred €1.5 billion from the package of macro-financial assistance to Ukraine.

The head of the European Commission, Ursula von der Leyen, informed it on her X (Twitter).

The head of the European Commission emphasized the need to reach an agreement to continue providing Ukraine with the support it needs for recovery and reforms.

We stand by the side of our neighbor, friend and aspiring member, she added.

Aid to Ukraine from the EU

Earlier, the European Commission proposed to allocate €50 billion to Ukraine for 2024-2027. The leaders of the EU countries considered this initiative during the summit on December 14. However, Hungary vetoed the decision, and the remaining 26 countries supported it.

The aid issue to Ukraine will be discussed at a separate EU summit in early February. One of the options is bilateral agreements between Ukraine and EU members for the corresponding amounts.

Hungarian Prime Minister Viktor Orbán said today that his position has not changed. The Hungarian government continues to oppose joint EU aid through the bloc's budget. Any assistance to Ukraine should be shorter than the current proposal, Orbán said, adding that the issue should be considered separately from the dispute over Hungary's EU funding.

Since December 20, since the beginning of 2023, Ukraine has already received $39 billion in external financing. By the end of the current year, donor aid will reach about $42.3 billion.

At the same time, the need for external financing for 2024 has been reduced from $41 billion to $37.3 billion thanks to measures to maximize state budget revenues, activation of the domestic borrowing market, and other criteria.

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