Ukraine gets EUR 120M grant from EU

The European Commission has provided a EUR 120 million grant to Ukraine as part of a package of emergency macro-financial assistance.

That's according to the press service of the Ukrainian Finance Ministry, Ukrinform reports.

"The European Commission has provided Ukraine with a grant of 120 million euros under a general package of emergency financial assistance to Ukraine announced on January 24, 2022," the statement said.

It says Ukraine received the funds on a gratuitous and non-refundable basis in accordance with an agreement signed by both parties on March 30, 2022.

The funds will be directed to the general fund of the state budget to finance the most urgent expenditures of the state, including those related to ensuring guaranteed social protection of citizens, the functioning of critical infrastructure and the security sector.