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Ukraine gets assistance worth 600 million euros from European Union

Ukraine got 600 million euros from the European Union. Photo: Ibrahim Boran / Unsplash

Ukraine got 600 million euros from the European Union. Photo: Ibrahim Boran / Unsplash

The European Union has allocated 600 million euros in macro-financial assistance to Ukraine. This is the second and final tranche under the current assistance program. The previous tranche of 600 million euros was in December 2020. In general, the volume of macro-financial loans the EU provided to Ukraine is about 4.4 billion euros. This is reported on the website of the European Commission.

Quote"The second tranche of 600 million and in euros, paid today, is a sign of EU support for Ukraine's reform agenda. Ukraine has made significant efforts to comply with the terms of assistance and has also made satisfactory progress with the International Monetary Fund. By providing strong political support, we are strengthening Ukraine's integration with the European Union," Vice President of the European Commission Valdis Dombrovskis.

Ukraine has fulfilled all political commitments related to public financial management, rule of law, improving the business climate, sectoral reforms, and state-owned enterprises.

President Volodymyr Zelenskyy expressed his appreciation to the EU for its support. The Ministry of Finance of Ukraine stated that the funds received would be used to finance budgetary needs and reduce the financial burden on the budget of Ukraine.

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