The European Union plans to provide a new package of macro-financial assistance to Ukraine worth nine billion euros.
"The European Council will continue to assist Ukraine with its immediate liquidity needs together with the G7. EUCO is ready to grant Ukraine 9 billion euros," - the President of the European Council, Charles Michel, wrote on Twitter.
#EUCO will continue helping #Ukraine with its immediate liquidity needs, together with @G7
— Charles Michel (@CharlesMichel) May 30, 2022
EUCO is ready to grant #Ukraine EUR 9 billion.
Strong and concrete support to #Ukraine’s reconstruction.
The President of the European Commission, Ursula von der Leyen, also confirmed the plans to provide Ukraine with a new assistance package.
"We also agreed to work on a mechanism to provide Ukraine with a new, exceptional macro-financial assistance package worth up to 9 billion euros," - she wrote.
I am glad that tonight leaders agreed in principle on the sixth sanctions package. This is an important step forward.
— Ursula von der Leyen (@vonderleyen) May 30, 2022
We also agreed to work on a mechanism to provide Ukraine with a new, exceptional macro-financial assistance package of up to €9 billion. https://t.co/La3bZl6JNp
The BBC reports that a part of this assistance will be provided as grants and part as soft loans.
Currently, the sources of funding are unknown.
On 20 May 2022, the European Union transferred to Ukraine a new tranche worth 600m euros.