Ukraine gets 2nd tranche of $634 mn from EU financial assistance programme

Ukraine has received the second tranche of 600 million euros (634 million U.S. dollars) of the European Union's (EU's) emergency macro-financial assistance program, the Ukrainian Finance Ministry said

Europe

1 min read Last Updated : May 21 2022 | 9:39 AM IST

Ukraine has received the second tranche of 600 million euros (634 million U.S. dollars) of the European Union's (EU's) emergency macro-financial assistance program, the Ukrainian Finance Ministry said Friday.

"The funds will be used to maintain financial stability in Ukraine during the war," the ministry said in a statement.

Ukrainian Prime Minister Denys Shmyhal welcomed the aid and thanked European Commission President Ursula von der Leyen for the aid.

The EU decided to allocate 1.2 billion euros (1.26 billion dollars) in emergency assistance for Ukraine in February. Ukraine received 600 million euros from the aid package in March.

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Topics : Russia Ukraine Conflict European Union Ukraine Russia

First Published: May 21 2022 | 9:39 AM IST