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Ukraine receives last EU tranche from 18 billion euro package for 2023

Thursday, 21 December 2023, 13:05
Ukraine receives last EU tranche from 18 billion euro package for 2023
European Commission President Ursula von der Leyen. Stock photo: Getty Images

The European Union disbursed the last €1.5 billion of its €18 billion macro-financial assistance package for 2023 to Ukraine on 21 December.

Source: European Commission President Ursula von der Leyen on Twitter, reported by European Pravda.

Details: Announcing the disbursement, von der Leyen said that the EU must reach an agreement to continue to provide Ukraine with the support it needs to "recover, rebuild and reform".

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"We stand by the side of our neighbour, friend and aspiring member," she said.

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In total, the EU has envisaged a €18 billion macro-financial support package for Ukraine through 2023. Together with today's tranche, these funds have been fully transferred to Kyiv.

Meanwhile, the approval of a €50 billion macro-financial assistance programme for the next four years was delayed due to Hungary's veto.

However, the European Commission stated that the funds to help Ukraine are available, and a "working decision" is needed to approve the programme.

Background: On 1 February 2024, the European Union will hold a special summit to discuss the allocation of €50 billion in additional aid to Ukraine.

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