European Parliament endorses vote on providing Ukraine with EUR 1.2 bln in macro-financial assistance

The European Parliament endorsed a vote on the issue of providing macro-financial assistance to Ukraine in the amount of EUR 1.2 billion under the accelerated procedure.

The result of the vote was announced on Tuesday at the beginning of a meeting.

Macro-financial assistance to Ukraine has been approved, the parliament announced. However, the number of votes was not named.

The actual voting took place on Monday.

The decision itself is expected to be voted on Wednesday.

In case of a positive vote, further macro-financial assistance must be approved by the EU Council with subsequent publication in the Official Journal.

As previously reported, on February 1, the European Commission decided on a new package of macro-financial assistance to Ukraine in the amount of EUR 1.2 billion. The first tranche in the amount of EUR 600 million is unconditional and will be provided immediately after the entry into force of the agreements. The provision of the second tranche in the same amount will be subject to the progress demonstrated by Ukraine in the implementation of short-term measures agreed by the parties to implement structural reforms.

On February 11, this decision was approved by the EU Council at the ambassadorial level.

Source: www.en.interfax.com.ua