Ukraine to Receive EUR 1B of EU Macro-Financial Assistance in July

Minister of Finance of Ukraine Serhii Marchenko has signed the Memorandum of Understanding between Ukraine and the EU and the Loan Agreement for receiving exceptional macro-financial assistance from the EU in the amount of EUR 1 billion.

Ukraine is expected to receive loan funds in the form of a concessional long-term EU loan at the end of July.

“EU macro-financial assistance is a contribution to preserving the macro-financial stability of Ukraine in the conditions of martial law, which will bring our victory closer. We are grateful to the European Union for its systematic political and financial support,” Marchenko said.

The assistance will be used to finance the priority budgetary needs of the state budget.

As a reminder, on 1 July 2022, the European Commission announced a decision to allocate additional financial support resources to Ukraine by providing exceptional EU macro-financial assistance in the amount of EUR 1 billion. Subsequently, the European Parliament and the Council of the European Union supported this decision.

Natalia Tolub