European Commission Paid New Tranche Worth 1.5 Billion Euros of Macro-Financial Assistance to Ukraine

On Tuesday, the European Commission announced the allocation of 1.5 billion euro tranche of macro-financial aid to Ukraine.

Ursula von der Leyen, the European Commission president, condemned the Russian attacks on Ukrainian infrastructure for storing and exporting grain.

"As Russia continues its ruthless war, we continue to support Ukraine. Today we paid another €1.5 billion, to help keep the state running and repair infrastructure. More will come," stated von der Leyen on Twitter.

I firmly condemn the Russian strikes on Ukrainian grain storage and export infrastructure.

As Russia continues its ruthless war, we continue to support Ukraine.

Today we paid another €1.5 billion, to help keep the state running and repair infrastructure.

More will come. pic.twitter.com/09aVv5mpIh

— Ursula von der Leyen (@vonderleyen) July 25, 2023

Ukraine received the first tranche of EU macro-financial assistance in January, totaling 3 billion euros out of a planned 18 billion euros. The previous tranche was disbursed by the European Commission in June.

The decision on this €18 billion aid package was a difficult one, and EU leaders finally reached an agreement in mid-December. 

Kyiv received the first tranche without any conditionality. However, according to the agreement, Ukraine will receive the next €15 billion only if it fulfils its obligations.

Macro-financial assistance is a loan provided to Ukraine at a favourable interest rate.

Find out more in the article Price of Saving Ukraine. On What Conditions EU Allocates €18 Billion to Kyiv