EU Commission Allocates First €1 Bln of Macro-Financial Support to Ukraine

by Olha Povaliaieva
Friday, July 1, 2022
1 MIN
EU Commission Allocates First €1 Bln of Macro-Financial Support to Ukraine

Ursula von der Leyen announced the allocation of a tranche to meet the urgent needs of Ukraine

At the May summit of the European Union, it was decided to provide Ukraine with total assistance of €9 billion consistently. Today, Ursula von der Leyen announced the launch of macro-financing and the transfer of the first tranche for Ukraine.

"Today we propose €1 billion for Ukraine. The first part of the macro-financial assistance package announced in May. It will help meet urgent needs in the country. The EU will keep on providing relief to Ukraine and in a longer-term support its reconstruction," Ursula von der Leyen on Twitter.

The head of the European Commission added that the EU will continue to help Ukraine and will support the country's recovery in the long term.

"I believe in Ukraine's European future. It is your future and only you can make it happen. You can change this country for good and this will be your ultimate victory. A free and vibrant Ukraine. A sovereign Ukraine, finally reunited with our European family," added the president of the European Commission.

We remind you that today Ursula von der Leyen joined the meeting of the Ukrainian parliament online and expressed solidarity with our country, as well as admiration for our courage and progress.

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