Espreso. Global

Ukraine receives EUR 1.5 billion in macro-financial assistance from EU

21 December, 2023 Thursday
19:10

On December 21, Ukraine's State Budget received EUR 1.5 billion from the EU. This is the last tranche under a large-scale macro-financial assistance program of EUR 18 billion for 2023

This was reported by the Ukrainian Ministry of Finance.

The funds received under the Macro-Financial Assistance (MFA+) program are allocated to the priority needs of the state budget in the social and humanitarian spheres.

Ukraine receives this financing on preferential terms with a loan repayment period of 35 years. Interest and other related payments for servicing the loan will be compensated by the EU countries instead of Ukraine.

“In 2023, the European Union is the largest donor of direct budget support. EUR 18 billion covered more than 45% of the external financing needs for the current year. Predictability of financial assistance allowed us to cover urgent budget expenditures in a timely manner and in full. I am extremely grateful to my partners and colleagues from all EU institutions for our joint profound work,” said Minister of Finance of Ukraine Serhii Marchenko.

The minister added that Ukraine looks forward to continuing cooperation within the framework of the European Commission's initiative to launch a €50 billion Ukraine Facility for 2024-2027.

"We must find an agreement to continue to provide Ukraine with the support it needs to recover, rebuild and reform. We stand by our neighbor, friend and future member," European Commission President Ursula von der Leyen wrote on the social network X (formerly Twitter), announcing the next tranche of macro-finance.

  • Since the beginning of the full-scale war, the total amount of budget support from the EU has reached EUR 26 billion.
Tags:
Read also:
  • News
2024, Friday
1 March
20:12
Ukraine's army shoots down 228 UAVs in February, including 116 Lancets
19:42
Netherlands announces new military aid package for Ukraine: what it includes
19:20
Exclusive
Navalny's murder might motivate resistance, radicalise protests in Russia — sociologist Eidman
18:57
NATO: Putin's threats to use nuclear weapons is psychological intimidation
18:35
Russian missiles attacks Donetsk region, injuring civilians, damaging police station, hospital, kindergartens
18:14
Ukraine, Netherlands sign security agreement: what does it provide for?
17:50
Exclusive
Map of fighting in Marinka sector
Under heavy fire: Ukrainian officer on situation in Marinka sector
17:25
Frozen Russian assets won't replace US aid to Ukraine - Treasury Secretary Yellen
17:00
Exclusive
Why Scholz is hesitant to transfer Taurus to Ukraine?
16:40
Russian troops bomb residential buildings in Zaporizhzhia region, killing civilian man
16:20
Exclusive
Measuring temperature in chamber: diplomat on China's special envoy's trip to number of countries
16:00
Russia holds significant ammunition advantage, increases artillery shelling in Avdiivka direction
15:40
OPINION
Transnistria: Where there is a trace of Russia, there is war
15:25
Russia makes "powerful breakthrough" to Chasiv Yar to open way to 3 more localities - Khortytsia group of troops
15:07
British intelligence assesses level and prospects of Russian military industry
14:40
Exclusive
Red lines are blurring: military expert Zgurets on possible deployment of NATO troops to Ukraine
14:20
Transition to F-16 not swift, but Ukraine making every effort – Air Force
14:00
Ukraine's Intelligence attacks Russian Pantsir-S1 air defense system in Belgorod region
13:40
Umerov approves action plan to implement cooperation program with NATO for 2024
13:20
OPINION
Putin's message: whom was the dictator addressing?
13:00
Russian pilots feel they are in the sights — Ukraine's Air Force Spokesman Ihnat 
12:40
OSCE launches "Moscow mechanism" to document Russian war crimes
12:25
IL-76 crash: Russia says it's willing to return bodies to Ukraine; Ukraine responds
12:05
Britain urges Germany to send Taurus missiles to Ukraine - Bloomberg
11:45
Japan extends sanctions against Russian companies and individuals
11:27
Review
Does CIA have any bases in Ukraine and what was the purpose of its director's visit? Serhiy Zgurets's column
11:05
Polish farmers fail to provide evidence of Ukrainian grain returning from Lithuania to Poland 
10:47
Updated
Russian media claim attempted UAV attack on defense plant in Nizhny Novgorod region
10:30
No one in Europe is going to send troops to Ukraine - Czech Prime Minister
10:15
Russia loses 3 aircraft, 36 artillery systems and 920 troops in Ukraine overnight — General Staff
09:55
Russia transports its agricultural goods through Belarus to Poland — UP
09:35
Exclusive
Ukrainian forces transform Synkivka into graveyard for Russian equipment — Kupyansk Military Administration
2024, Thursday
29 February
22:10
OPINION
Putin's messages of war: Vitaliy Portnikov's column
21:57
Review
Victorious news on 736th day of war: Ukrainian forces down 3 Russian aircraft, target Russian soldiers in Bakhmut sector
21:40
Russia attacks 22 times in Avdiivka, Novopavlivka directions in one day — General Staff
21:25
Ukrainian army engaged in fierce fighting with Russia's forces in Avdiivka, Kurakhove sectors  - Syrskyi
21:10
Russian forces focus on Avdiivka direction - Ukrainian commander
20:55
Ukrainian Armed Forces adopt 46 new types of weapons since start of year — Defense Ministry
20:40
156,000 km² of Ukraine's territory is mined: State Emergency Service tells how to speed up demining
20:21
"One of the dumbest things I've ever heard": what impressed Carlson most in Putin interview 
More news