EU disburses second EUR 1.5B tranche of macro-financial assistance to Ukraine

The European Union transferred to Ukraine the second tranche of EUR 1.5 billion as part of the EUR 18 billion macro-financial assistance program.

European Commission Head Ursula von der Leyen wrote this on Twitter, Ukrinform reports.

“Today we disbursed another €1.5 billion to Ukraine. Our support helps keep Ukraine running, while defending itself. And puts Ukraine firmly on its EU path by supporting reforms - good governance and financial stability, for example. Together we’re writing Ukraine’s future,” she wrote.

As reported, on December 10, 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 amounts to EUR 18 billion. It is expected that preferential loan funds will be transferred in equal parts to the state budget throughout 2023, taking into account Ukraine's progress in fulfilling the conditions agreed by the parties. On Monday, Ukraine and the EU signed a Memorandum of Understanding on the provision of EUR 18 billion in macro-financial assistance.

On January 17, Ukraine received the first EUR 3 billion tranche.