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EU to transmit first tranche for Ukraine on December 11

Source : 112 Ukraine

The second one amounting $566 million is expected to be obtained in spring, 2018
18:08, 11 December 2018

Open source

The European Union will transmit the first tranche to Ukraine amounting $566 million within the macro-financial aid today, on December 11, as Valdis Dombrovskis, the Vice-President of the European Commission for Euro and Social dialogue, wrote on Twitter.

Valdis Dombrovskis Twitter

In November 2018, the European Commission approved the allocation of the first tranche of macro-financial aid to Ukraine.

In the middle of November, Poroshenko signed the law on ratification of the memorandum of understanding between Ukraine and the EU and loan agreement of macro-financial aid up to $1,1 billion. The memorandum itself was signed in September.

Related: Martial law in Ukraine not to influence cooperation with IMF, - Lagarde

The tranches of macro-financial aid within these agreements will be spread evenly, $564 million each. At the same time, it was expected that the first tranche will be transmitted to Ukraine in autumn this year after the internal procedures are completed and Ukraine fulfills the conditions of the provision of the first tranche. The second tranche is to be sent in spring 2019 after Ukraine finished reforming the relevant sectors of implementation of the state policy.

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