European Commission approves a proposal for new emergency macro-financial assistance for Ukraine

European Commission approves a proposal for new emergency macro-financial assistance for Ukraine

February 2, 2022

On 1 February, the European Commission approved a proposal for a new emergency macro-financial assistance (MFA) programme for Ukraine of up to €1.2 billion. 

This proposal follows an earlier request from the Ukrainian authorities and direct discussions between Commission President Ursula von der Leyen and Ukraine’s President Volodymyr Zelenskyy.

The MFA funds will be made available to Ukraine in the form of long-term loans on highly favourable terms. They will contribute to enhancing Ukraine’s macroeconomic stability and overall resilience, in the context of the geopolitical uncertainty caused by Russia’s military build-up in and around Ukraine and its impact on the economic situation.

A swift adoption of this proposal by the Council and the European Parliament will allow the Commission to immediately disburse a tranche of €600 million to Ukraine. The second will be sent following a positive assessment of the progress made by the Ukrainian authorities with the implementation of a limited number of agreed short-term policy measures.

Find out more

Press release

Von der Leyen announced new €1.2 billion macro-financial assistance package for Ukraine

Factsheet: EU Solidarity with Ukraine




Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a B&S Europe-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data.
© European Union,