€1 Billion Grant Germany-Ukraine

by Olha Povaliaieva
Tuesday, June 22, 2022
€1 Billion Grant Germany-Ukraine

On June 21, Germany announced the grant to Ukraine in the amount of €1 billion

The government of Ukraine announced the attraction of macro-financial assistance from Germany in the amount of €1 billion. This became known from the news portal of people's deputy Taras Melnychyk.

"At today's meeting, it was decided to attract a grant for budget support from Germany in the amount of €1 billion. In addition, a draft agreement was approved in accordance with the instrument created by the International Monetary Fund for the administrative account for Ukraine under this grant," Taras Melnychyk.

The grant will be distributed to points for stabilizing the Ukrainian economy and covering the main budgetary expenses of Ukraine.

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