On 21 March, Ukraine received €1.5 billion from the European Union under the Macro-Financial Assistance programme.
This was reported by the Ministry of Finance.
This is the second tranche of the €18 billion assistance package for 2023. Ukraine received the first tranche of €3 billion in January and will receive the next tranches later this year, subject to the fulfillment of the agreed conditions.
The loans will have a 10-year grace period. The EU Member States will cover the bulk of the interest costs via external assigned revenues.
This long-term loan is concessional but conditional on reforms. As previously reported in the media, Ukraine needs to implement reforms in the areas of rule of law, governance and the fight against fraud and corruption.In total, the EU has provided €11.7 billion in macro-financial assistance to Kyiv since the start of the full-scale Russian-Ukrainian war.
Media, Publications
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EU4DigitalUA: EU presents results of project supporting Ukraine’s digital transformation
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EU Civil Protection Mechanism delivers powerful transformer to Ukraine
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Opening remarks by President von der Leyen at the joint press conference with President Michel following the meeting of the special European Council of 18 April 2024
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No, time is not on Russia‘s side
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Archive investigating Russian attack on Mariupol Theatre launched in Ukraine with EU support
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EU-Ukraine Cooperation Newsletter. March 2024