The European Union has disbursed a new tranche of EUR 600 million to Ukraine and is working on a procedure to provide an additional EUR 9 billion loan by the end of this year.
European Commission President Ursula von der Leyen wrote this on her Twitter account.
DCO Global News
Published on May 21, 2022
By Odoh Dominic Chukwuemeka
“Today, we disbursed a new tranche of €600 million in Macro-Financial Assistance to Ukraine. More is coming – we proposed an additional €9 billion loan for Ukraine in 2022.
Beyond relief, we’ll work on a reconstruction platform to help rebuild Ukraine as a free, democratic country,” she said.
The European Commission on May 19 announced proposals to grant Ukraine EUR 9 billion in macro-financial assistance to maintain financial stability in the country suffering from Russian aggression.
The European Commission has also made a proposal to create an international platform to attract investment in Ukraine’s post-war reconstruction efforts from the EU, its international partners and international financial institutions.
By Odoh Dominic Chukwuemeka
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