On Wednesday, 9 November, the European Commission announced a plan to provide Ukraine with regular macro-financial assistance in the amount of up to EUR 1.5 billion per month. The total amount of assistance is 18 billion euros, Vice President of the European Commission Valdis Dombrovskis said on Twitter.
"Today, we are creating a new funding instrument to provide stable and predictable financing to Ukraine in 2023," the message reads.
✅ Today, we are creating a new funding instrument to provide stable and predictable financing to Ukraine 🇺🇦in 2023.
— Valdis Dombrovskis (@VDombrovskis) November 9, 2022
It would consist of long-term loans on highly favourable terms of up to €18 billion, as part of our unwavering support for Ukraine.#StandwithUkraine pic.twitter.com/jkN38SQSi6
Dombrovskis added that the financing instrument will consist of long-term loans "on highly favourable terms of up to €18 billion, as part of our unwavering support for Ukraine."
Hungary has told EU finance ministers at a meeting in Brussels that it will not support the necessary changes to prepare an €18 billion aid package for Ukraine next year.
Since the beginning of the full-scale Russian invasion, Ukraine has received UAH 752,284 million of international financial support.
