EU confirms €18.1 billion macro-financial aid for Ukraine, first tranche in January

Denys Shmyhal reported the information.

“Valdis Dombrovskis confirmed the provision of important macro-financial assistance to Ukraine in the amount of €18.1 billion as part of the G7 Revenue Acceleration Initiative. We expect to receive the first tranche in January,” the Prime Minister wrote following the conversation.

Shmyhal also thanked the European Union for funding under the Ukraine Facility and noted that this year Ukraine has received €16 billion.

In addition, the parties discussed the creation of a recovery mechanism based on the Marshall Plan. Ukraine proposes to combine frozen Russian assets and EU funds into a long-term recovery plan, which will allow European companies to be involved in the reconstruction on a mutually beneficial basis.

“We agreed to hold intergovernmental consultations with the EU early next year. Valdis Dombrovskis assured of further humanitarian, military and economic support for Ukraine,” Shmyhal added.

• At the end of November, Ukraine signed a Memorandum of Understanding with the EU to provide €18.1 billion in macro-financial assistance to cover its immediate needs.