Ukraine receives $1.58B in macro-financial aid from EU

Ukraine receives $1.58B in macro-financial aid from EU

Kyiv, The Gulf Observer: Ukraine has announced that it received the ninth tranche of macro-financial aid from the EU amounting to $1.58 billion.

“In general, EU budget support in 2023 already amounts to €15 billion ($16 billion) — this is one of the most important factors that helps Ukraine to be economically strong and stable,” Ukrainian Prime Minister Denys Shmyhal said in a statement on Telegram.

Shmyhal further said that Ukraine, together with the European Commission, is working on a new long-term programme with a total volume of $53.3 billion.

“We expect to receive €18 billion ($19.2 billion) from them next year,” Shmyhal said, adding: “I am grateful to the partners for their steadfast solidarity with Ukraine.”

The European Commission declared last month that it disbursed another $1.6 billion to Ukraine as part of its “macro-financial assistance” programme worth $19.2 billion aiming to support the country’s “immediate funding needs.”