EU Council approved allocation of 5 billion euros to Ukraine
The Council of the EU approved the proposal of the European Commission to allocate to Ukraine the second tranche of macroeconomic assistance in the amount of 5 billion euros.
This was reported by the press service of the Ministry of Finance of the Czech Republic.
The country received the first tranche of macro-finance in the amount of 1 billion euros in July. In total, the macroeconomic support program of Ukraine amounts to 8 billion euros.
"Following the July agreement on the provision of EUR1 billion, EU finance ministers in Prague agreed to accelerate the next part of macro-financial assistance to Ukraine in the amount of EUR5 billion," the message reads.
Finance Minister Zbyněk Stanjura noted that the new loan in the amount of EUR 5 billion will go to "everyday activities of the state and ensure the operation of critical infrastructure in the country: offices, schools or hospitals."
At the next meetings of the EU Council on Economic Affairs, the minister will insist on a quick agreement on the provision of three billion euros from the position of the presiding country. This amount will be divided into loans and grants.
