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The European Union transferred 1 billion euros of macro-financial assistance to Ukraine | News from Germany about Ukraine | DW

The European Union has fully transferred 1 billion euros to Ukraine from new package of macro-financial assistance. On Tuesday, August 2, said the President of the European Commission Ursula von der Leyen (Ursula von der Leyen).

“These funds will help Ukraine meet its immediate financial needs after an unprovoked and unjustified Russian aggression. A billion euros will strengthen Ukraine at a decisive stage,” she wrote. on Linkedin social network.

Prime Minister Denys Shmygal announced the receipt of the first 500 million euros from this package to Ukraine the day before, noting that another 500 million euros are expected on August 2. According to the prime minister, these funds will help in “financing the priority budgetary needs.”

In total, the EU will allocate 9 billion euros to Ukraine

The decision to provide new macro-financial assistance was taken by the European Parliament and the EU Council on July 12, 2022. It is the first part of an exceptional macro-financial assistance package of up to €9 billion announced in the EC communication dated 18 May 2022 and approved by the European Council on June 23-24, 2022.

This billion euros adds to the support the EU has already provided to Ukraine in the first half of the year, including €1.2bn emergency loan. Thus, the total amount of macro-financial assistance provided to Ukraine since the beginning of the war has reached 2.2 billion euros.

The funds are provided to Ukraine in the form of long-term loans on favorable terms.

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