EU to give one billion euro loan to Ukraine

EU to give one billion euro loan to Ukraine
EU to give one billion euro loan to Ukraine

We show you our most important and recent visitors news details EU to give one billion euro loan to Ukraine in the following article

Hind Al Soulia - Riyadh - BRUSSELS — The European Commission Friday proposed a new one billion euro (USD 1.04 billion) long-term loan for Ukraine as the first part financial assistance package of up to 9 billion euro (USD 9.3 billion) announced on 18 May.

Under the proposal, the funds will be made available to Ukraine in the form of long-term loans on favourable terms, it said in a press release.

The loans will support Ukraine's macroeconomic stability and overall resilience in the context of Russia's military invasion and the ensuing economic challenges, it noted.

As soon as the European Parliament and the EU Council of Ministers approve today's proposal and the Memorandum of Understanding and Loan Agreement with the Ukrainian authorities are signed, the Commission will swiftly make available the amount of 1 billion euro to Ukraine. — Agencies

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