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The European Union provides a new installment of 1.5 billion euros to kyiv

Two Ukrainian soldiers talk outside the Monastery of São Miguel das Cúpulas Douradas, on the day marking one year of the war, in kyiv, February 24, 2023. ANTÓNIO PEDRO SANTOS/LUSA

EU funding is intended to help Ukraine continue to pay salaries and pensions, keep essential public services running and ensure macroeconomic stability.

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The European Union (EU) has made available another tranche of 1,500 million euros of the macro-financial aid package (MFA+) to Ukraine, approved for 2023, after a positive assessment from Brussels, as announced on Tuesday.

According to a statement from the European Commission, 1,500 million euros were disbursed after the positive assessment of Brussels to kyivnamely, on the progress to guarantee the transparent and efficient use of funds and the stabilization of the financial system, among other criteria.

The money from the MFA+ package is intended to help Ukraine continue to pay salaries and pensions, keep essential public services such as hospitals, schools and housing for war-displaced people running, ensure macroeconomic stability and restore critical infrastructure damaged by aggression Russia, such as energy, hydraulic systems and transport networks.

A first loan of three billion euros was disbursed in January and Brussels will continue to send funds throughout 2023.

Since the start of the Russian invasion on February 24, 2022, the EU has already sent €11.7 billion in macro-financial assistance programs to Ukraine, available through highly concessional loans.

Source: Observadora

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