European Commission pays a further €1.5 billion in assistance to Ukraine
The European Commission today disbursed €1.5 billion under the Macro-financial Assistance+ package for Ukraine, worth a total of up to €18 billion.
With today’s payment, Ukraine has so far received €13.5 billion this year under Macro-financial Assistance +.
This EU instrument is aimed to help Ukraine cover its immediate funding needs, with stable, predictable and sizable financial support in 2023.
This support will help Ukraine to continue paying wages and pensions, and keep essential public services running, such as hospitals, schools, and housing for relocated people. It will also allow Ukraine to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia in its war of aggression, such as energy infrastructure, water systems, transport networks, roads and bridges, says a press release by the European Commission.
“This swift and flexible assistance is tailored to the needs of the country, and also promotes transformative reforms in Ukraine,” European Commission President Ursula von der Leyen said.
Overall, since the start of the war, the EU support to Ukraine and the Ukrainian people amounts to around €81 billion.
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