EU says when Ukraine may get another EUR 600 mln in assistance

REUTERS

Ukraine may receive the second disbursement of macro-financial assistance (MFA) in the amount of EUR 600 million this year.

This was announced by European Union Commissioner for Neighbourhood and Enlargement Oliver Várhelyi at a press conference after an EU-Ukraine Association Council meeting on February 11.

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"We have provided EUR 1.2 billion [in] macro-financial assistance to help Ukraine in the economy and macro-finances to cope with this crisis. From that we have already disbursed EUR 600 million and we are supposed to disburse a second tranche still this year," he said.

Previous developments

• On July 23, 2020, Prime Minister Denys Shmyhal, during his visit to Brussels, signed a memorandum and a loan agreement on the allocation of macro-financial assistance (MFA) to Ukraine from the European Union in the amount of EUR 1.2 billion.
• On December 9, the European Union provided Ukraine with the first MFA disbursement in the amount of EUR 600 million.