The European Union has signed a memorandum of understanding regarding macro-financial assistance to Ukraine, which includes a loan of €90 billion. This was announced on May 20 by European Commissioner Valdis Dombrovskis.
This is reported by Finway
First Tranche for Ukraine in June
It is planned that Ukraine will receive the first tranche of this financial support as early as June this year. The aim of the assistance is to strengthen the country’s economic stability, increase domestic revenues, and enhance the fight against corruption. Funding will be provided based on clear conditions for implementing reforms, allowing Ukraine to continue its path of Euro-integration and implement structural changes.
“This support will strengthen Ukraine’s economic stability, increase domestic revenues, and enhance the fight against corruption,” wrote the diplomat.
Conditions for Receiving and Subsequent Tranches
The next step for implementing the memorandum is its approval by the Verkhovna Rada. After that, Ukraine will be able to receive €8.35 billion in 2026, which will be directed towards covering budgetary needs. An additional €8.35 billion is planned to be provided under the Ukraine Facility mechanism, the regulations of which are currently under negotiation between Ukraine and European institutions. According to media reports, these consultations are expected to conclude soon.