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EU provides Ukraine with EUR 600M in macro-financial assistance

EU provides Ukraine with EUR 600M in macro-financial assistance
9 of December 2020 г.
The European Commission has disbursed EUR 600 million in macro-financial assistance to Ukraine as response to the COVID-19 pandemic.

The corresponding report on the allocation of funds was published on the website of the European Commission on December 9, Ukrinform reports.

“Ukraine remains high on the European agenda. It is our neighbourhood country and it belongs to Europe. We are committed to offering political, financial and technical support, especially during this time of crisis as response to COVID-19 pandemic and overcome the social and economic consequences. This €600 million first tranche of emergency macro-financial assistance confirms the EU's solidarity with Ukraine and our continued close cooperation. I offer my best wishes to Ukraine's government for 2021 in carrying through its reform agenda, to improve living standards, continue fighting against corruption, and bring Ukraine closer to the EU,” said Executive Vice-President of the European Commission Valdis Dombrovskis.

According to the report, this disbursement will contribute to macro-financial stability in Ukraine while allowing it to allocate resources towards mitigating the severe negative socio-economic consequences of the coronavirus pandemic.

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