Ukraine to get 600M from EU without additional conditions

“The President thanked for the European Union’s financial support for Ukraine, in particular for the new program of macro-financial assistance to the tune of EUR 1.2 billion. Zelensky noted that the decision to allocate this aid was a timely signal for financial markets and already helped to maintain the stability of the Ukrainian economy,” the press service of the Head of State reported on January 31.

"Our strategy proved to be right: to talk about the economy, not war. Today is the first day when we have not spent a single dollar from our reserves to support the hryvnia exchange rate," Zelensky said.

The parties agreed that the first tranche of macro-financial assistance in the amount of EUR 600 million will be paid without additional conditions immediately after the completion of all necessary procedures.

In addition, Zelensky thanked for the funding provided within the Economic and Investment Plan for the Eastern Partnership, which, among other things, will be aimed at supporting small and medium-sized enterprises.

During the discussion of the EU-Ukraine trade relations, Zelensky raised the issue of launching official talks on granting Ukraine additional trade preferences which will update existing tariffs and quotas for Ukrainian exporters.

The importance of ensuring proper progress in concluding the ACAA agreement, which will open additional markets for domestic industrial producers, was pointed out.

Zelensky thanked the Executive Vice President of the European Commission for his personal active position in support of Ukraine in the current difficult conditions.

"In this difficult time for us, your visit is another sign of the EU's unwavering support for Ukraine's sovereignty and territorial integrity," the President stressed.

As reported, Executive Vice President of the European Commission Valdis Dombrovskis was on a visit to Kyiv on January 31.

Photo: President’s Office

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