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European Parliament Greenlights EUR 1.2B Macro-Financial Assistance to Ukraine

The European Parliament gave the green light to additional financial support to Ukraine by launching a new EUR 1.2 billion emergency macro-financial assistance program.

The decision to provide financial assistance was made within an unprecedented short time. The macro-financial assistance package is now to be approved by the Council of the European Union.

Minister of Finance of Ukraine Serhiy Marchenko held a meeting with G7 and EU Ambassadors and personally thanked the friends of Ukraine for the decision to provide EU’s macro-financial assistance.

“I am extremely grateful to you for the strong support we are currently receiving. This is important for us. The unprecedentedly quick decision to provide EU’s macro-financial assistance to Ukraine is not only a contribution to the country’s macro-financial stability but also a powerful signal to international markets,” Marchenko said during the meeting.

On 24 January 2022, the European Commission announced the disbursement of additional resources of financial support to Ukraine in the amount of EUR 1.2 billion. The first tranche of such assistance – EUR 600 million – is unconditional. Ukraine will receive the second tranche after the implementation of short-term measures on structural reforms agreed by the parties.

EU‘s macro-financial assistance will be used to maintain financial stability in Ukraine.

Natalia Tolub

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