Kyiv expects to receive $2.59bln in EU's macro-financial aid next week - Prime Minister

Kyiv expects to receive $2.59bln in EU
# 19 November 2022 06:47 (UTC +04:00)

The Ukrainian government is expecting to receive 2.5 billion Euros ($2.59 billion) in macro-financial aid from the European Union next week, Ukrainian Prime Minister Denis Shmyhal said on Friday, APA reports citing Sputnik.

European Commission Executive Vice-President Valdis Dombrovskis said in early November that the EU was planning to allocate 2.5 billion euros in macro-financial assistance to Ukraine by the end of November.

"Ukraine expects to receive EUR 2.5 billion of the next tranche of the EU macro-financial assistance next week. The Government of Ukraine also welcomes the decision of the European Commission to launch a new instrument of EU microfinancing for Ukraine in 2023 to the tune of EUR 18 bn," Shmyhal told a joint press conference with Dombrovskis, as quoted on a government website.

Shmyhal added that such support on the part of the EU is essential for Ukraine in given circumstances and will allow the Ukrainian government "to finance expenditures, in particular in the humanitarian and social spheres."

Ukraine is also expecting to receive the first payment under the EU's 18 billion aid package in early 2023, the prime minister added.

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