Ukraine, EU sign memorandum on EUR 18 billion in assistance, with first tranche soon to arrive

16 January, 03:35 PM
Prime Minister Denys Shmyhal (Photo:Денис Шмигаль / Telegram)

Prime Minister Denys Shmyhal (Photo:Денис Шмигаль / Telegram)

Ukraine and the European Union have signed a Memorandum of Understanding (MOU) on EUR 18 billion in pledged macro-financial assistance, Ukrainian Prime Minister Denys Shmyhal tweeted on Jan. 16.

“Ukraine and the EU have just signed a Memorandum of Understanding to provide EUR 18 billion in macro-financial assistance,” he tweeted.

The prime minister noted that Ukraine expects to receive the first tranche of EUR 3 billion this week.

“This will help maintain macroeconomic stability going forward,” he said.

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In December 2022, the EU agreed to provide Ukraine with EUR 18 billion in macro-financial assistance. The amount will be transferred in tranches during 2023.

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