The European Commission issued Ukraine a €100mn loan, the first tranche of aid part of a larger €1.61bn macroeconomic package to help support economic reform focusing on anti-corruption, energy subsidies, financial sector reform, and trade and taxation.
The next €500 million is expected to follow in the coming weeks.
“The European Union is fully committed to helping Ukraine address its major economic challenges. This first disbursement marks an important step towards turning that commitment into reality. This assistance, which will soon be followed by a further €500 million, provides much-needed support to Ukraine’s efforts to cover its external financing needs,” the Vice-President of the European Commission Siim Kallas said in Brussels today.