EU may release macro-financial assistance for Ukraine in Feb – journalist
Brussels-based RFE/RL journalist Rikard Jozwiak says the European Union may release the second and final tranche of macro-financial assistance for Ukraine worth EUR 500 million in February.
"It's possible that the second and final tranche of the European Commission's macro-financial assistance for Ukraine, worth 500 million euro, can be released in February. First tranche was released in November 2018," he wrote on Twitter on January 22, 2020.
It’s possible that the second and final tranche of the European Commission’s macro-financial assistance for #Ukraine, worth 500 million euro, can be released in February. First tranche was released in November 2018.— Rikard Jozwiak (@RikardJozwiak) January 22, 2020
In December, the European Commission provided Ukraine with the first tranche of macro-financial assistance worth EUR 500 million in the form of a loan at an interest rate of 1.25% per annum with repayment in April 2033.
In late June 2018, the European Union finally approved EUR 1 billion of macro-financial assistance for Ukraine, which is aimed at covering the financial needs of Ukraine and supporting economic stabilization and the structural reform program.