Emergency financial assistance to Ukraine will be provided on "very favorable terms" - European Commission
Emergency macro-financial assistance funds will be provided to Ukraine in the form of long-term loans on very favorable terms. reported today at the European Commission.
The 1.2 billion euro program will help increase macroeconomic stability and overall resilience of Ukraine in the face of a sharp increase in geopolitical uncertainty and its impact on the economic situation, the EC noted.
Recall that the European Commission submitted a proposal for a new emergency macro-financial assistance program for Ukraine in response to a request from the Ukrainian authorities and after negotiations between European Commission President Ursula von der Leyen and Ukrainian President Volodymyr Zelensky.
“The EU supports the Ukrainian people in these difficult times. The Commission today approved the €1.2 billion aid package that I announced last week. This package will help Ukraine meet its funding needs due to the economic and political challenges the country is facing, as well as strengthen Ukraine's nation building and resilience efforts,” said Ms von der Leyen.
In addition to macro-financial assistance, the EU supports Ukraine through a range of other instruments, including humanitarian assistance, budgetary support, thematic programs, as well as technical assistance and mixed investment support mechanisms.