The European Union approved the allocation of the second tranche of macro-financial assistance to Ukraine in the amount of €600 million.
This was announced on Twitter by Ukrainian President Volodymyr Zelenskyy.
"I welcome the decision of the European Commission to provide Ukraine with EUR 600 million second MFA tranche. I am grateful to the EU, Ursula von der Leyen, Valdis Dombrovskis for the upbeat assessment of reforms implemented by Ukraine. This is a testament to the Ukraine and EU solidarity in overcoming challenges, fighting COVID-19," Zelensky wrote on his Twitter page.
Prime Minister of UlraineDenys Shmyhal stressed during the Government meeting, this means the synergy of the authorities in work has been positively assessed.
"This decision was announced today by the Executive Vice-President of the European Commission Valdis Dombrovskis. Our European partners commend the progress made on the path of reforms over the past year. We are grateful to our European partners for that. Funds from the EU will allow us to support the recovery of the economy and incomes of our citizens," said the Prime Minister.
The Prime Minister added that Ukraine also expects to receive the next tranche from the IMF by the end of this year.
As specified by the Vice-President of the European Commission and European Commissioner for Trade Valdis Dombrowskis, Ukraine may receive funds at the end of October. He stressed that the allocation of money is a result of Ukraine's fulfillment of all necessary conditions.
"The Commission decided to allocate the second tranche of EU macro-financial assistance to Ukraine in the amount of 600 million euros. This is the second and last payment under this program for a total of 1.2 billion euros," he said. "Ukraine fulfilled the agreed political conditions, which, together with a good progress with regard to Ukraine's current program with the IMF, allowed the Commission to come to a positive decision on the second contribution. The actual payment of funds will take place at the end of October," he concluded.