EU sends $1 billion in financial aid to Ukraine

1 August, 04:49 PM
These funds are part of the larger $9 billion package of EU financial aid (Photo:Yves Herman / Reuters)

These funds are part of the larger $9 billion package of EU financial aid (Photo:Yves Herman / Reuters)

The EU has sent $1 billion in emergency financial assistance to Ukraine, PM Denys Shmyhal said in a Telegram post on Aug. 1.

“The first tranche of EUR 500 million ($500 million) is already with the NBU (National Bank of Ukraine); the second half is expected tomorrow,” said Shmyhal.

These funds are part of the larger $9 billion package of EU financial aid – according to Shmyhal – and will be used to finance the most urgent national expenses.

Видео дня

The European Investment Bank earlier approved a $1.6 billion Ukraine aid program.

Ukraine is facing enormous financial strain due to the full-scale Russian invasion, and is heavily reliant on partner financing to continue government functions, including the military.

Follow us on Twitter, Facebook and Google News

Show more news
X