EU declares conditions for aid to Ukraine

World 21:20 13.04.2024

As European nations continue to bolster their support for Ukraine amid ongoing challenges, the European Union is poised to deliver a substantial financial package to the country, Ednews reports citing Microsoft.

Valdis Dombrovskis, Vice-President of the European Commission, highlighted in a recent briefing that Ukraine is set to receive €1.9 billion in macro-financial assistance come May.

This announcement came during discussions at the EU Council on Economic and Financial Affairs, reported by European Truth.

This financial infusion follows a €4.5 billion tranche dispatched in March as part of the ambitious Ukraine Facility program.

This initiative totals a staggering €50 billion, aimed at supporting Ukraine's immediate needs and longer-term stabilization. The forthcoming May disbursement follows a €1.5 billion aid package slated for April, underscoring the EU's structured and robust support mechanism for Ukraine.

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