Ukraine and the EU signed a memorandum on €18B of macro-financial assistance

The Prime Minister of Ukraine Denys Shmyhal wrote on January 16, 2023, on Twitter, that the European Union and Ukraine signed a memorandum to provide Ukraine with 18 billion euros of macro-financial during 2023. The government of Ukraine expects to receive the first tranche of 3 billion euros this week.

Source: The Prime Minister of Ukraine Denys Shmyhal

“Ukraine and the EU have just signed a Memorandum of Understanding to provide €18bn in macro-financial assistance. We expect to receive a tranche of €3bn this week. Many thanks to Ursula von der Leyen [the President of the European Commission – ed.] and Valdis Dombrovskis [Executive Vice President of the European Commission for An Economy that Works for People – ed.]. This will help maintain macroeconomic stability going forward,” tweeted the Ukrainian Prime Minister.

On December 10, 2022, the Council of the European Union supported the European Commission’s proposal to allocate additional financial support to Ukraine in 2023. The new program of macro-financial assistance for Ukraine will amount to €18 billion. It is expected that preferential loan funds will be transferred to the state budget in 2023 in equal parts, taking into account Ukraine’s fulfillment of the conditions agreed by the parties.

See also: EC will transfer the first tranche of macro-financial assistance to Ukraine in January 2023

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