The Council of the European Union made the decision to provide Ukraine with 1.2 billion Euros for overcoming economic and social consequences of coronavirus. Yevropeiska Pravda outlet reported that on May 5.
In general, the EU authority will redirect three billion Euros among ten neighboring countries and the states that enjoy the official prospects of EU membership.
The allocated funds are supposed to help in improving the macroeconomic stability and assign resources for citizens' protection. The costs will be available within the period of 12 months, supplied in two loans. The countries will have to repay the loan within the period of maximum 15 years.
