The European Union will provide Ukraine €3.2 billion in macro-financial assistance in mid-June, described as the first payment under a larger €90 billion EU loan agreed in April, according to reporting from Kyiv Post and Free Malaysia Today. The sources say the June disbursement follows agreement between Brussels and Kyiv on the underlying conditions for the macro-financial assistance component. The payments are linked to Ukraine ratifying the loan deal and carrying out agreed reforms, with officials indicating that implementation requirements determine whether and when funds are released. Both outlets characterize the €3.2 billion tranche as a major share of Ukraine’s near-term financing needs. They also note that additional disbursements are still being finalized, including further budget support and funding related to military spending within the broader loan framework. Overall, the reporting indicates that the EU’s first tranche in June is conditional and part of a phased financing plan under the April agreement.
EU to release €3.2 billion to Ukraine in mid-June under €90 billion loan
The European Union will provide Ukraine €3.2 billion in macro-financial assistance in mid-June, described as the first payment under a larger €90 billion EU loan agreed in April, according to reportin...
- The EU plans to release €3.2 billion to Ukraine in mid-June.
- The payment is the first tranche under a broader €90 billion EU loan agreed in April.
- Disbursement depends on Ukraine ratifying the deal and implementing agreed reforms.
- Brussels and Kyiv have agreed on the underlying conditions for the macro-financial assistance component.
- Further disbursements, including budget support and military-related spending, are still being finalized.
The European Union will release €3.2 billion in macro-financial assistance to Ukraine in mid-June, marking the first payment under a €90 billion loan agreed in April. Officials said the funds depend on Ukraine ratifying the deal and implementing agreed reforms. The package is expected to cover most of Kyiv’s financing needs, with additional disbursements for both budget support and military spending still being finalized.
3 months agoThe move came as Brussels and Kyiv agreed on the underlying conditions for the macro-financial assistance component of the broader €90-billion loan.
3 months ago
Modi to visit Uzbekistan and Kyrgyzstan for SCO summit, including talks with regional and Russian leaders
Prime Minister Narendra Modi is on a four-day trip to Uzbekistan and Kyrgyzstan from August 29 to September 1. He begins...
PM Modi heads to SCO summit, reiterates push for region free from terrorism
Prime Minister Narendra Modi departs for an SCO summit, saying he aims to advance India’s vision for the region on the b...
Nepal asks for technical assistance after floods, not search-and-rescue, minister says
Nepal says it needs foreign help mainly in specialised technical areas after this week’s deadly floods triggered by a gl...