Ukraine to receive first tranche of EUR18B assistance from EU as early as this week

That’s according to a tweet by Eurean Commission’s Executive Vice-President Valdis Dombrovskis, Ukrinform reports.

“Honoured to sign MoU on behalf of the EU to provide Ukraine with EU financing in 2023 – up to EUR18 bln in loans. First payment of EUR3 bln to flow later this week. This will help Ukraine cover its pressing needs – with stable flow of payments throughout year,” Dombrovskis tweeted.

According to Ukraine’s Prime Minister Denys Smyhal, “Ukraine and the EU have just signed a Memorandum of Understanding to provide EUR18bn in macro-financial assistance. We expect to receive a tranche of EUR3bn this week.”

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As reported earlier, the Council of the Eurean Union on December 10 supported the Eurean Commission's prosal to allocate additional financial support resources to Ukraine for 2023. The new program of macro-financial assistance for Ukraine will amount to EUR18 billion. It is expected that preferential loan funds will be transferred to the state budget during 2023 in equal parts, given Ukraine fulfills the conditions agreed upon by the parties.