Ukraine can receive the first tranche of EU aid as soon as in March – Representative of Ukraine’s Mission to EU

At the end of February, the European Parliament will be able to vote on providing EUR 50 billion to Ukraine. This will make it possible to receive the first funds from the aid allocated for Ukraine already in March.

Vsevolod Chentsov, Representative of the Mission of Ukraine to the European Union, made this statement during a briefing at Media Center Ukraine – Ukrinform.

“It is very important that a fundamental political decision was made yesterday. And now all the involved agencies including the Council of the European Union, the European Commission and the European Parliament can complete the so-called trialogue, which they started recently. It is expected that the legislative proposal will be finalized next week, and the Council, the highest agency of the European Union, can adopt it even via a written procedure. And the European Parliament, as we expect, will be able to vote on this facility at the session, that is, by the end of this month,” he explained.

According to Vsevolod Chentsov, it is important for Ukraine that the facility begins to work specifically on macro-financial stability in Ukraine. In addition, it is important that the first tranche under the allocated assistance is larger than the planned standard tranches under this facility.

“If everything turns out as planned today, we will be able to receive the first funds from this facility already in March. We are trying to make it so the first tranche is larger than the approximate standard amount under this facility. The amount, like in the previous macro-financial aid, is to amount to about EUR 1.5 billion, but we would like the first one under the new facility to be larger in order to cover both current expenses and the deficit that we have in the first months of the year,” said the Representative of the Mission of Ukraine to the European Union.

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