Ukraine to receive EUR 600 mln of first tranche of EU aid – PM

The ratification by the Verkhovna Rada of the memorandum of understanding between Ukraine and the European Union and the loan agreement on the provision of EUR 1.2 billion of macro-financial assistance to our country from the EU will allow the country to receive the first tranche worth EUR 600 million in the near future.

“The Verkhovna Rada has ratified the Memorandum and the Loan Agreement on receiving an exclusive macro-financial assistance worth EUR 1.2 billion from the EU. We are grateful to the MPs for their support. This decision will allow Ukraine to receive the first tranche worth EUR 600 million,” Prime Minister Denys Shmyhal wrote on his Telegram channel.

As reported, on Tuesday, August 25, the Verkhovna Rada adopted a law on ratification of the Memorandum of Understanding between Ukraine and the European Union and the Loan Agreement between Ukraine and the EU on the provision of EUR 1.2 billion macro-financial assistance from the European Union. A total of 248 lawmakers supported the decision to adopt the corresponding bill No.0063.

This assistance will be available to Ukraine after the parties sign the Memorandum of Understanding and the Loan Agreement and ratify the documents.

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