EU Council approves allocation of one billion euro to Ukraine

Source : 112 Ukraine

The financial aid is provided in a form of the loans for the stabilization of the economy and holding of the reforms
13:49, 26 June 2018

Open source

The Council of Europe has approved the allocation of one billion euro of the macro-financial aid to Ukraine. The press service of the EU Council reported this on June 26 on Twitter.

“Today EU Council adopted 1 billion euro of new loans to cover Ukraine financing needs and support economic stabilization and a program of structural reforms,” the message said.

Related: US Congress offers enlarge aid for Ukraine in 2019

The European Commission will prepare the memorandum on the provision of the aid, consulting the Eu Council after today’s decision. It should be ratified by the Ukrainian Parliament.

As we reported the European Commission has decided to allocate another package of macro-financial assistance (MFA) worth up to €1 billion to Ukraine for the support of the country’s effort to implement structural reforms and stabilize its economy.

Related: Belarus to send humanitarian aid to Ukraine in sum of $80, 000

On May 29, the Ambassadors of the EU countries on the behalf of the EU Council approved the agreement with the EU Parliament on the parcel of the macro-financial aid to Ukraine.

Also, the US Agency for International Development (USAID) will allocate $ 125 million to develop the economy of Donbas. It is noted that the funds are intended for the Donbas and "those surrounding territories that have felt the influence of Russian aggression."

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