On August 1, the first half of the new €1 billion macro-financial assistance from the European Union was sent to the account of the National Bank of Ukraine, the second will be disbursed on August 2.
Source: European Commission
“This additional MFA of €1 billion is part of the extraordinary effort by the EU, alongside the international community, to help Ukraine to address its immediate financial needs following the unprovoked and unjustified aggression by Russia.”
1 billion euros are part of a large package of support for Ukraine in overcoming the financial consequences of the war in the amount of 9 billion euros. The funds will help finance priority budgetary needs.
“It is the first part of the exceptional MFA package of up to €9 billion announced in the Commission’s communication of 18 May 2022 and endorsed by the European Council on 23-24 June 2022. It complements the support already provided by the EU, including a €1.2 billion emergency MFA loan paid out in the first half of the year. Taken together, the two strands of the programme bring the total MFA support to Ukraine since the beginning of the war to €2.2 billion.”
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