Monday March 04, 2024

Ukraine gets €22.2b in financial aid from EU since start of war

Published : 24 Oct 2023, 01:29

  DF News Desk
File Photo: Xinhua.

Ukraine has received 22.2 billion euros in financial aid from the European Union since the start of the conflict with Russia, the Finance Ministry said on Monday, reported Xinhua.

This year alone, the EU has earmarked 15 billion euros as direct budget support for Ukraine under the large-scale Macro-Financial Assistance (MFA), the ministry said.

Earlier in the day, Ukraine received the ninth tranche under the MFA worth 1.5 billion euros.

By the end of the year, the EU is set to distribute two more tranches totaling 3 billion euros under the aid package.

Commenting on the EU assistance, Ukrainian Finance Minister Serhiy Marchenko said it would help Ukraine maintain the smooth functioning of its financial system.