EU approves €1 billion loan to Ukraine

EU ministers today approved €1 billion of additional macro-financial assistance (MFA) to Ukraine, as a matter of urgency.

Together with the €1.2 billion in emergency MFA allocated earlier this year, total EU macro-financial support for Ukraine has reached €2.2 billion since the war began, and is expected to increase further in the coming months. 

This financial assistance complements other EU support to Ukraine in the humanitarian, development, customs and defence fields.

“The continuation of material and financial aid is not an option, but our duty,” said Zbyněk Stanjura, Minister of Finance of Czechia. He added that this tranche will give Ukraine the necessary funds to cover urgent needs and ensure the operation of critical infrastructure.

“Ukraine is an economy at war. It badly needs short-term funding. The EU is there to help,” wrote EU Commissioner Valdis Dombrovskis on Twitter.

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Press release