Ukraine received 5.9 billion euros from the European Union, which should help maintain the country's macro-financial stability in the face of the challenges of war.
Points of attention
- The EU provided Ukraine with almost 6 billion euros to support macro-financial stability during times of war.
- The funds received through ERA Loans and Ukraine Facility will contribute to maintaining Ukraine's economic stability and reforms.
- This financial aid reflects the strategic partnership and trust between Ukraine and the EU, showcasing support for Ukraine's European integration.
Ukraine received almost 5.9 billion euros from the EU
This was announced by the Prime Minister of Ukraine, Yulia Svyrydenko.
It is noted that the new tranche of economic aid came from two sources:
The €4.1 billion ERA Loans, the final tranche of an €18 billion program funded by proceeds from frozen Russian assets, is an example of how Russia is starting to pay for its crimes.
1.8 billion euros — within the Ukraine Facility. This is confirmation that Ukraine is confidently moving along the path of reforms and European integration.
Both decisions are the result of a strategic partnership and trust between Ukraine and the EU. I am grateful to the President of the European Commission, Ursula von der Leyen, and to Commissioners Valdis Dombrovskis and Marta Kos for their leadership and unwavering support for Ukraine.
Yulia Svyrydenko
Prime Minister of Ukraine
According to her, these funds should help maintain macro-financial stability even in the face of the challenges of war — the largest in Europe since World War II.
These funds are about saved lives, restored infrastructure, and a strengthened economy. This means that we can direct more internal resources to the main thing — defense. Europe stands by Ukraine. The aggressor will definitely pay. Justice will prevail.
On November 13, European Commission President Ursula von der Leyen announced that Ukraine would receive a new tranche from the European Union in the amount of almost 6 billion euros from the proceeds of frozen assets of the Russian Federation.
