The European Union confirms the transfer of 3 billion euros to Kyiv

The European Union transferred 3 billion euros to Ukraine as the first tranche of the country’s general loan assistance program, the European Commission announced on Tuesday.

The Commission said in a statement: “The European Union sent today, Tuesday, the first tranche of 3 billion euros of aid out of a total financial assistance program of 18 billion euros.”

On Monday, the head of the European Commission, Valdis Dombrovskis, announced that the Commission intends to provide Ukraine with a new tranche of general financial assistance in the amount of 3 billion euros at the end of this week.

Yesterday, Ukraine and the European Union signed a memorandum of understanding, which provides for the provision of an amount of 18 billion euros to Kyiv as a light financial loan with a maturity of up to 35 years.

Source: agencies