20,000 people chose to be part of the Kyiv Independent community — thank you.

Skip to content
Edit post

Shmyhal: Ukraine receives another 1.5 billion euros in macro-financial assistance

by Nate Ostiller and The Kyiv Independent news desk September 22, 2023 2:48 PM 1 min read
Prime Minister Denys Shmyhal in Kyiv on Aug. 14, 2023. (Photo by Thomas Imo via Getty Images)
This audio is created with AI assistance

Ukraine was transferred another 1.5 billion euros (about $1.6 billion) installment of the European Union’s macro-financial assistance package, Prime Minister Denys Shmyhal announced on Twitter on Sept. 22.

It was the eighth such disbursement, out of a total of 18 billion euros, that the European Council pledged in December 2022. The tranches have been distributed in installments throughout the year, with the previous transfer occurring on Aug. 22.

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.

Shmyhal noted that in 2023, so far, the European Union has provided 13.5 billion euros in budgetary support to Ukraine and almost 70 billion euros since the beginning of the full-scale invasion.

PM Shmyhal: Ukraine to spend $48 billion on armed forces in 2023
Ukraine will spend Hr 1.8 trillion (about $48 billion) from the state budget on the defense and security forces in 2023, Prime Minister Denys Shmyhal said on Aug. 3.

Independent journalism needs a community —
not a paywall.

We’re working hard to show the world the truth of Russia’s brutal war — and we’re keeping it free for everyone, because reliable information should be available to all.

More than 20,000 people chose to stand behind us. We’re deeply grateful and overwhelmed with your support. Thank you for making it possible.

Let´s see how far we can go?

News Feed

8:42 PM

Egyptian POW didn't need money, but went to fight for Russia.

Egyptian-born Russian fighter, callsign "Cobra," signed a contract with the Russian army in 2024, abandoning his young wife, university studies and comfortable lifestyle. Now in Ukrainian prison, he's rethinking his choices. Subscribe to our channel for more independent reporting from Ukraine.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.