European Commission releases €1.5 billion in macro-financial assistance to Ukraine

Today the European Union is providing another €1.5 billion to Ukraine under its annual macro-financial assistance package. 

The European Commission made today a third payment of €1.5 billion under the Macro-financial Assistance (MFA)+ package for Ukraine, worth up to €18 billion. 

This support will help Ukraine cover its immediate financial needs: to continue paying salaries and pensions and to maintain basic public services such as hospitals, schools and housing for the displaced. 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.

Today’s payment comes after the Commission found that Ukraine continued to make satisfactory progress to strengthen the rule of law, enhance financial stability, improve the functioning of the gas system and promote a better business climate. 

This finding will also enable the disbursement of two further monthly payments of €1.5 billion each in May and June.

Overall, since the start of the war, the support to Ukraine and Ukrainians amounts to around €68 billion. 

“We will continue helping Ukraine resist Russia’s aggression, keep its institutions and infrastructure running, and conduct crucial reforms,” President of the European Commission Ursula von der Leyen wrote on Twitter.

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Press release