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The EU has approved assistance to Ukraine in the amount of one billion euros
The money will be used to cover urgent needs and ensure the operation of critical infrastructure.
The Council of the European Union on Tuesday, July 12, supported the proposal of the European Commission to allocate one billion euros to Ukraine in the first tranche of new macro-financial assistance, the press service of the EU Council reports.
“Today, the Council decided to urgently provide Ukraine with additional macro-financial assistance in the amount of 1 billion euros,” the statement said.
The press release notes that, together with the €1.2 billion emergency macro-financial assistance provided earlier this year, the EU’s total macro-financial support to Ukraine since the start of the war now stands at €2.2 billion.
“It is expected to increase further in the coming months. This financial assistance complements other EU support to Ukraine in the humanitarian, customs, defense and development sectors,” the statement said.
Commenting on the decision, Czech Finance Minister Zbynek Staniura, who currently holds the EU Presidency, said: “Continuing material and financial assistance is not an option, but our obligation. Therefore, I am very pleased that we have accelerated the decision to provide macro-financial assistance in the amount of one billion euros. This will give Ukraine the necessary funds to cover urgent needs and ensure the operation of critical infrastructure.”
The European Parliament supported this proposal on 7 July.
Recall that in June the European Union agreed on the allocation of financial assistance to Ukraine in the amount of almost 9 billion euros. However, later it became known that Germany was blocking this aid package.
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