Ukraine will receive money in the form of long-term loans on “very favorable terms”.
The Council of the European Union on September 20 officially adopted a decision on providing urgent additional macro-financial assistance to Ukraine in the amount of 5 billion euros, which was recently announced by Prime Minister Denys Shmyhal. 5 billion euros for Ukraine at an informal meeting of the Ecofin Council in Prague. Today, this additional aid was officially accepted after completing the necessary formal steps in just 11 days,” the EU Council said in a statement.
It is assumed that this financial aid complements other EU support to Ukraine in the humanitarian, development, customs sphere business and defense.
Ukraine will receive the money in the form of preferential long-term loans for 25 years and almost without interest. It is the second stage of the implementation of the Union's planned full exceptional macro-financial assistance to Ukraine in the amount of up to 9 billion euros.
“We are keeping our promises and helping to ensure that the Ukrainian state and its key infrastructure can continue to function despite the aggressive war of Russia At the next Ecofin meetings, I will insist on a quick agreement on the provision of the remaining 3 billion euros, for which we must also agree on the distribution of this amount to loans and grants,” said Czech Finance Minister Zbynek Stanjura.
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During the summer, the EU countries could not agree on how to finance this aid, so until now only 1 billion euros have been allocated to Ukraine. After the approval of 5 billion, the European Union must decide on the allocation of another 3 billion euros as part of the package of macro-financial assistance.
