European Commission (EC) on Monday, August 1, sent Ukraine 500 million euros as macro-financial assistance, according to the EC website. This is the first half of the package, the total amount of which is 1 billion euros. The second tranche will be sent on August 2.
The decision to provide new macro-financial assistance was taken by the European Parliament and the EU Council on July 12, 2022. She is the first part exceptional package of macro-financial assistance in the amount of up to 9 billion euros, announced in the communication of the EC dated May 18, 2022 and approved by the European Council on June 23-24, 2022.
The new assistance will complement the support already provided by the EU to Ukraine in the first half of the year, including €1.2 billion emergency loan. Thus, the total amount of macro-financial assistance provided to Ukraine since the beginning of the war will reach 2.2 billion euros.
The funds are provided to Ukraine in the form of long-term loans on favorable terms. They are designed to help Ukraine “meet its urgent financial needs after an unprovoked and unjustified Russian aggression”, the message says.
Prime Minister of Ukraine thanked the EU for a new aid package
Prime Minister of Ukraine Denys Shmyhal confirmed the receipt of the first tranche of new macro-financial assistance from the EU. According to him, 500 million euros have already been credited to the account of the National Bank, and the second tranche is expected to arrive on August 2.
“1 billion euros is part of a large package of support for Ukraine in overcoming the financial consequences of the war for a total of 9 billion euros. The funds will help finance priority budgetary needs,” Shmygal wrote. in Telegram. He thanked the EU for this assistance, calling it “a significant investment in our common economic and financial stability and a secure future.”