Ukraine will receive the first tranche of EU macro-financial assistance in the amount of EUR 1 billion by the end of July. This was stated by the Vice-Chairman of the European Commission, Valdis Dombrovskis, at the conference in Lugano, KYIV. UkraineGate. 4 . July . 2022 | Political News.
Details
Thus, according to Dombrovskis, in general, EU support now amounts to more than 4 billion euros since the beginning of Russia’s invasion of Ukraine. However, he noted, much more international aid will be needed.
He noted that the IMF estimates the gap in Ukraine’s balance of payments this year alone at $39 billion.
Quote
“Now we are working on providing another new exceptional program of macro-financial assistance in the amount of 9 billion euros. The first part will arrive before the summer holidays, it is 1 billion euros, after the approval of the European Parliament and the member states,” said the vice-chairman of the EC.
Before
At the end of June, the European Union had to finalize the details of the financial package for Ukraine in the amount of 9 billion euros ($9.5 billion).
The European Commission came up with this idea back in May.
Source: Ukrgate
