Ukraine and EU signed memorandum on € 1 billion of macro-financial assistance allocation to Ukraine
Vice President of the European Commission Valdis Dombrovskis on Tuesday signed a memorandum of understanding regarding the allocation of 1 billion euros of macro-financial assistance to Ukraine.
Dombrovskis posted about it on Twitter.
"I am signing the Memorandum of Understanding with Ukraine on behalf of the EU regarding the provision of 1 billion euros of macro-financial assistance as emergency financing. It will be paid at the end of July to support the government and people of Ukraine," Dombrovskis said.
He added that Ukraine has an economy at war. Therefore, the EU will help Kyiv.
As you know, the European Council decided to allocate one billion euros for Ukraine and will continue to work towards providing the rest of the 9 billion euros of macro-financial assistance agreed at the EU level.
As reported, within the framework of the EU-Ukraine Association Agreement, which came into force on September 1, 2017, the EU consistently provides support to Ukraine in project development and the implementation of key reforms, including administrative and judicial, the fight against corruption, etc. From 2014 to 2021, the EU provided macro-financial assistance to Ukraine in the form of long-term loans in the amount of 5 billion euros.
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