European Parliament approves €5 billion loan to Ukraine
On 16 September, the European Parliament gave the green light to a €5 billion macro-financial loan previously proposed by the European Commission to help Ukraine cover its acute financing needs caused by Russia’s invasion.
This disbursement will be the second part of the exceptional MFA package of up to €9 billion announced by the Commission on 18 May 2022.
The first €1 billion of this MFA package was allocated in early August. The remaining up to €3 billion will be provided as soon as possible.
Together with this €5 billion loan, the total MFA support to Ukraine since the beginning of Russian aggression against Ukraine could reach up to €10 billion once the full package of exceptional MFA to Ukraine becomes operational this year.
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