European Commission building in Brussels
©Shutterstock/Fotodom
The European Union next week intends to provide Ukraine with the second tranche of macro-financial assistance in the amount of €1.5 billion. This was announced on Friday, March 17, by Deputy Head of the European Commission Valdis Dombrovskis.
“We look forward to transferring the second tranche of our expanded €1.5 billion macro-financial assistance program to Ukraine next week to help this country meet its urgent needs,” he wrote on social media. Dombrovskis also reiterated that the European Union will support Ukraine for as long as necessary, writes TASS.
In January, the EU transferred to Ukraine first trancheprovided under the credit macro-financial assistance program. The size of the tranche amounted to €3 billion. The total amount of credit macro-financial assistance to the country was €18 billion.
European Commission plans to transfer to Ukraine such assistance monthly in the form of predictable tranches (€1.5 billion per month). The money will come in during the year.
