The European Union transferred a new tranche of macro financial help to Ukraine for 1.5 billion euros.
A new tranche of macro-financial assistance from the EU
The European Union allocated another tranche of €1.5 billion to Ukraine within the framework of macro-financial assistance.
Europe's funding has supported Ukraine's economic stability and public services since the start of Russia’s war. Today we disturb a new €1.5 billion, the head of the European Commission, Ursula von der Leyen said.
Another tranche is expected before the end of the year. In general, EU budget support in 2023 has already exceeded €15 billion — this is one of the most important factors that helps Ukraine to be economically sustainable.
EU aid has already reached €85 billion and is planned to provide another €50 billion by 2027.
Macro-financial assistance from the EU
EU will provide Ukraine with €18 billion of macro-financial assistance for 2023. Ukraine has already received €15 billion.
The loan repayment period is 35 years. At the same time, the EU will pay interest and other payments for servicing the loan instead of Ukraine.
Macro-financial assistance is aimed at financing priority expenditures of the state budget, including social and humanitarian ones.
In addition, the European Commission proposed to create a new instrument for Ukraine within the budget of the European Union, which includes grants, loans, and guarantees to cover part of Ukraine's current expenses and finance urgent reconstruction projects.
It will provide constant financial support until 2027 and cover 45% of the deficit of Ukraine's state budget for this period. It is planned to create a Ukrainian fund with a volume of €50 billion.
