EU transfers next tranche of macro-financial aid worth €1.5 billion to Ukraine
The European Union has transferred a new tranche of macro-financial assistance to Ukraine worth €1.5 billion.
Source: Ursula von der Leyen, Head of the European Commission on Wednesday; European Pravda
"The EU has financially supported economic stability and the provision of public services in Ukraine since the very beginning of Russia's war against it. Today we are providing a new €1.5 billion," Ursula von der Leyen, the head of the European Commission, said on Twitter.
Europe's funding has supported Ukraine's economic stability and public services since the start of Russia’s war.
— Ursula von der Leyen (@vonderleyen) November 22, 2023
Today we disburse a new €1.5 billion.
Our support to Ukraine has now reached €85 billion.
More will come.
We have proposed €50 billion for Ukraine until 2027. pic.twitter.com/7zR0PYe8X9
Ursula von der Leyen stressed that EU assistance to Ukraine has now reached €85 billion and there "will be more", as the Commission proposed to allocate another €50 billion by 2027.
In general, the EU's budget support in 2023 already amounts to €16.5 billion. A macro-financial support package totalling €18 billion was provided for the year.
Macro-financial assistance is a loan provided to Ukraine at a favourable interest rate.
Regarding the intention to allocate an additional €50 billion, they say that the EU have a "plan B" if Hungary vetoes it.
For more information about the conditions for providing EU assistance, see the article Price of Saving Ukraine. On What Conditions EU Allocates €18 Billion to Kyiv.
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