This week, Ukraine will receive the first part of the macro-financial assistance package from the EU totaling €18 billion.

"Honoured to sign MoU on behalf of the EU to provide Ukraine with EU financing in 2023 – up to €18 bln in loans. First payment of €3 bln to follow later this week. This will help Ukraine cover its pressing needs – with stable flow of payments throughout year,"  Valdis Dombrovskis, Vice President of the European Commission said.

When disbursed later this week, will be the first international financial support for Ukraine in 2023. The agreement over the 18 billion of support for this year brings much needed predictability and relief to Ukraine's state budget. https://t.co/39EkyIWeRp

— Matti Maasikas (@MattiMaasikas) January 16, 2023

"Ukraine and the EU have just signed a Memorandum of Understanding to provide €18bn in macro-financial assistance. We expect to receive a tranche of €3bn this week. Many thanks to Ursula von der Leyen &Valdis Dombrovskis. This will help maintain macroeconomic stability going forward," Denys Shmyhal, the Prime Minister of Ukraine noted.

Україна та ЄС щойно підписали Меморандум про взаєморозуміння щодо надання €18 млрд макрофінансової допомоги. Цього тижня очікуємо отримати транш у розмірі €3 млрд. Вдячний @vonderleyen & @VDombrovskis. Це допоможе 🇺🇦 надалі підтримувати макроекономічну стабільність.

— Denys Shmyhal (@Denys_Shmyhal) January 16, 2023

EU Ambassador Matti Maasikas said that this would be the first tranche of international financial assistance for Ukraine in 2023.

The decision on this aid package was made with numerous difficulties; in mid-December EU leaders finally reached an agreement on it.

Read more Price of Saving Ukraine. On What Conditions EU Allocates €18 Billion to Kyiv