January 28, 2023

Euro Commission to Provide Ukraine With Nearly $20 Billion within 2023

1st payment of 3 mil euros to be sent this week

The Western european Commission has signed a memorandum of understanding to give Ukraine with financing of up to 18 billion euros ($19. 5 billion) in loans in 2023, with the first payment of 3 billion euros to follow later recently, Executive Vice President for An Economy that Works for People Valdis Dombrovskis said on Mon.

“ Honoured to sign MoU on behalf of the  EUROPEAN UNION to provide Ukraine   with [EU] financing in 2023 – up to € 18 bln in loans, ” the particular European Commission’s official tweeted.

The official also said that the first  transaction of 3 billion pounds would take place “ later this week. ”

On Friday, European Payment President  Ursula von der Leyen   said that the bloc experienced approved the macro-financial aid to Ukraine for 2023, which became the largest tranche the European Union has ever sent to a partner country.

According to data from the professionals, since the start of Russia’s military operation in Ukraine on February 24, Kiev has received more than $37 billion in aid from the particular EU.

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