News Feed

EU official: Ukraine to receive second tranche of 18 billion euro aid package next week

1 min read

The European Union will provide Ukraine with 1.5 billion euros as the second tranche of an 18 billion euro macro-financial assistance package, European Commission Vice President Valdis Dombrovskis said on March 17.

The payment is expected to be made next week, Dombrovskis added, calling it “emergency support to help Ukraine meet immediate needs.”

The European Council agreed on allocating 18 billion euros of macro-financial assistance to Ukraine on Dec. 15. Loan funds will be transferred to the state budget in installments throughout the year.

Ukraine received the first tranche of 3 billion euros on Jan. 17.

The 18 billion euro support package aims to assist Ukraine with paying for essential public services, maintaining macroeconomic stability, and restoring critical infrastructure destroyed by Russian attacks.

On March 14, the EU Council decided to increase the financial ceiling of the European Peace Fund (EPF), from which funds are allocated to purchase weapons for Ukraine, to 7.9 billion euros ($8.4 billion) by 2027.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed
 (Updated:  )

The first license permits imports of diesel and jet fuel made from Russian oil if "the products have been processed in a third country," while the other allows the maritime transport of Russian LNG.

*Russia hits Ukraine's Chernihiv, Sumy oblasts in morning attacks, killing 5*Ukraine says it struck major Russian oil refinery, pumping station*China secretly trained Russian soldiers who later fought in Ukraine, Reuters reports*Russia launches large-scale nuclear forces drills after Belarus exercises *Russian military hospitals overwhelmed by wounded soldiers from war in Ukraine, media reportsT

Show More