Ukraine will receive 600 million from the EU without additional conditions

Ukrainian President Volodymyr Zelensky discussed priority areas of cooperation and the security situation around Ukraine with Executive Vice-President of the European Commission Valdis Dombrovskis.

“The President thanked the financial support of the European Union to Ukraine, in particular for the new macro-financial assistance program amounting to 1.2 billion euros. Zelensky noted that the decision to allocate this aid was a timely signal for the financial markets and has already contributed to maintaining the stability of the Ukrainian economy,” the head of state’s press service reported on January 31.

“Our strategy turned out to be right: talk about the economy, not about war. Today is the first day when we haven’t spent a single dollar from our reserves to support the hryvnia exchange rate,” he said. said Zelensky.

The parties have agreed that the first tranche of macro-financial assistance amounting to €600 million will be disbursed without additional conditions immediately after the completion of all necessary procedures.

In addition, Zelensky thanked the funding provided under the Economic and Investment Plan for the Eastern Partnership, which, among other things, will aim to support small and medium-sized enterprises.

During the discussion on EU-Ukraine trade relations, Zelensky raised the issue of launching formal talks on granting additional trade preferences to Ukraine that will update existing tariffs and quotas for Ukrainian exporters.

The importance of ensuring proper progress in concluding the ACAA agreement, which will open up additional markets for domestic industrial producers, was stressed.

Zelensky thanked the Executive Vice-President of the European Commission for his active personal position in favor of Ukraine in the current difficult conditions.

“At this difficult time for us, your visit is another sign of the EU’s unwavering support for Ukraine’s sovereignty and territorial integrity,” the President underlined.

As noted, European Commission Executive Vice-President Valdis Dombrovskis was visiting Kyiv on January 31.

Photo: Office of the President


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