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EU officially approves 18 bn euros macro-financial assistance for Ukraine

The aid is scheduled for 2023

EU officially approves 18 bn euros macro-financial assistance for Ukraine
Photo: ukrinform.ua

On the night of Friday, 16 December, the allocation of macro-financial assistance of 18 billion euros to Ukraine in 2023 was formally approved according to a written procedure, the European Council website reports.

“A written procedure for the formal adoption of four pieces of legislation has ended. This means that the Council has formally adopted the following pieces of legislation: A regulation amending the multiannual financial framework for the years 2021 to 2027, which will enable the EU to use the headroom of the EU budget for its macro-financial assistance to Ukraine in 2023. This means that all EU member states will participate in this effort,” the message states.

Among other important legislative acts that were adopted by written procedure, are:

  • A directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union, also known as Pillar 2
  • The Council implementing decision for the protection of the Union budget against breaches of the principles of the rule of law in Hungary (rule of law conditionality mechanism).
  • The Council implementing decision which approves the Commission’s assessment of Hungary’s recovery and resilience plan.
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