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EU signs Memorandum with Ukraine for 1.2 billion euros of macro-financial assistance, - Shmyhal

A further gesture of strong support from the EU.

EU signs Memorandum with Ukraine for 1.2 billion euros of macro-financial assistance, - Shmyhal

The European Union has just signed a Memorandum with Ukraine to provide 1.2 billion euros in macro-financial assistance.

The Prime Minister of Ukraine, Denys Shmyhal conveyed this through his Telegram channel.

The head of the Ukrainian government thanked the Vice President of the European Commission, Valdis Dombrovskis.

"(This is) a further gesture of strong support from the EU, which will help strengthen our economic potential to expel the Russian occupiers from Ukrainian soil," said Shmyhal.

On 24 January 2022, European Commission President, Ursula von der Leyen announced that the European Union would provide Ukraine with 1.2 billion euros against the background of the threat from Russia. She expressed hope that the Council of the European Union and the European Parliament would adopt this aid package as soon as possible.

As a reminder, on 1 February, the European Commission made a proposal for additional macro-financial assistance to Ukraine in the form of 1.2 billion euros in loans to strengthen stability. On 11 February, the Council of the European Union approved the relevant decision of the European Commission at the ambassadors level.

On 16 February, the European Parliament endorsed the European Commission's assistance proposal.

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