Another €1.5 Bln for Ukraine From the EU

by Meifan Honcharuk
Thursday, June 22, 2023
Another €1.5 Bln for Ukraine From the EU

On June 22, the president of the European Commission announced the transfer of another macro-tranche to Ukraine

In 2023, the European Commission created an €18 billion fund for Ukraine to help with critical budget requests of our state. The budget has already received4 such tranches, and today — the 5th. This was announced by the president of the European Commission, Ursula von der Leyen.

"Today we disburse another €1.5 bn for Ukraine in macro-financial assistance. We help keep Ukraine's services and infrastructure afloat in its brave fight for freedom. More will come. We just proposed steady financial support until 2027. We are in it for the long haul," Ursula von der Leyen.

The first payment was temporarily blocked by Hungary in order to satisfy its own interests. However, the situation was resolved, and further blackmail was not observed in the ranks of the European Commission.

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