The FINANCIAL - European Commission disbursed 600 mln EUR loan to Ukraine

European Commission disbursed 600 mln EUR loan to Ukraine

European Commission disbursed 600 mln EUR loan to Ukraine

The FINANCIAL -- The European Commission, on behalf of the European Union, disbursed the first tranche of 600 mln EUR to Ukraine under the new macro-financial assistance program, declared the EU Delegation to Ukraine on July 22, according to APK Information Agency.

“This corresponds to the first installment under the new Macro-Financial Assistance (MFA) program for Ukraine, which amounts to a total of EUR 1.8 billion," - informed the report.

Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, recalled: "The EUR 600 million in macro-financial assistance disbursed today adds to the EUR 1.6 billion already provided by the EU since the beginning of the crisis in Ukraine."

"In addition, the Commission envisages disbursing another EUR 1.2 billion in the coming months subject to successful implementation of the economic and structural reforms agreed between the EU and Ukraine," - he said.

 

Author: The FINANCIAL