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EU allocates 600m euros to Ukraine

The macro-financial assistance to Ukraine from Brussels has otalled 2.81bn euros since 2014.

The European Union allocated 600mn euros to Ukraine within the framework of macro-financial assistance, President Petro Poroshenko said on 4 April. "Today the EU made the 2nd payment of €600m to Ukraine as a part of its macro-financial assistance to stabilize and reform its economy," Poroshenko reported on Twitter.

The European Commission on behalf of the EU in July 2015 provided to Ukraine a 600mn euros loan, which was the first tranche under the new 1.8bn euro program of macro-financial assistance to Ukraine. In the following months, the European Commission was to allocate an additional 1.2bn euros, provided that the economic and structural reforms agreed upon between the EU and Ukraine are successfully implemented.

Ukraine was slated to receive 600mn euros in late 2015, and another 600mn - in early 2016. This has never happened.