“Minister of Finance Serhiy Marchenko signed an agreement with the European Union on the provision of macro-financial assistance to Ukraine in the amount of up to 35 billion euros within the framework of the G7 initiative”, — write: epravda.com.ua
Minister of Finance Serhii Marchenko signed an agreement with the European Union on the provision of macro-financial assistance to Ukraine in the amount of up to 35 billion euros within the framework of the G7 initiative, the Ministry of Finance reports. The uniqueness of the agreement is that the loan will be repaid with profits from frozen Russian assets in the EU, which makes it virtually irreversible for Ukraine. The final amount of assistance will be determined after the approval of the contributions of all countries participating in the initiative. The head of the National Bank Andriy Pishniy is also a signatory from Ukraine, and the vice president of the European Commission, Valdis Dombrovskis, from the European Union. Advertisement: If the US provides the promised 20 billion dollars, the final amount of aid from the EU will be about 18 billion euros – 1.5 billion every month during 2025 . To receive aid, Ukraine must implement 14 measures in various areas: macro-financial stability, state-owned enterprises, public administration, energy, the rule of law and the fight against corruption, and the defense industry. We will remind:Advertisement: The Verkhovna Rada of Ukraine adopted amendments to the Budget Code (draft law No. 12232), which introduce the concept of “conditional debt obligations”.
