EU finance ministers approved €5 billion in macro-financial assistance to Ukraine
During an informal meeting in Prague, EU finance ministers agreed on the terms of providing Ukraine with the next tranche of the emergency macro-financial aid package of €5 billion, which is part of a total package of €9 billion.
The Executive Vice President of the European Commission, Valdis Dombrovskis, announced this today in Prague during a press conference following the ECOFIN meeting, Ukrinform reports.
“As regards financial support for Ukraine, it is excellent news that ministers have endorsed the next part of our exceptional macro-financial assistance program and agreed to provide national guarantees required to make a further €5 billion available in concessional loans to Ukraine. This is part of the overall €9 billion exceptional macro-financial assistance package for Ukraine. Its first part of €1 billion was already paid out in early August and we are now working on operationalizing the remaining amount in this package,” said Dombrovskis.