Three years of reporting, funded by our readers — become a member now and help us prepare for 2025.
Goal: 1,000 new members for our birthday. Gift a membership to your friend and help us prepare for what 2025 might bring.
Become a member Gift membership
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.
Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
Help us get 1,000 new members!
Become a member Gift membership
visa masterCard americanExpress

News Feed

3:44 PM

Russian ICBM strike would be 'clear escalation,' EU says.

"While we're assessing the full facts, it's obvious that such (an) attack would mark yet another clear escalation from the side of (Russian President Vladimir Putin," EU foreign affairs spokesperson Peter Stano said, according to AFP.
1:40 PM

Merkel describes Trump as 'fascinated by Putin' in her memoir.

"(Donald Trump) saw everything from the point of view of a property developer, which is what he was before he came into politics. Every plot of land could only be sold once, and if he didn't get it, someone else would," Angela Merkel says in her memoir.
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.