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European Union 2016 - Source : EP
“The European Commission has today released the fifth installment of its exceptional macro-financial assistance (MFA) loan to Ukraine, totaling €1 billion (...), bringing the overall support close to €150 billion,” stated the EC in a published communiqué.
It highlights that the MFA amounts to €18.1 billion and signifies the EU's part in the G7 credit initiative, which collectively aspires to offer Ukraine around €45 billion in financial assistance.
“These loans are to be reimbursed using funds from frozen Russian state assets, located in the EU,” the document stated.
The EC observes that following this recent payment, the cumulative sum of European Commission loans to Ukraine under this MFA totals €7 billion starting from early 2025.
The European Commission also noted that following the agreement by the EU leaders at a special European Council meeting in early March, the EC stood prepared to make an advance payment to the credit initiative if required.
source: reuters.com
It highlights that the MFA amounts to €18.1 billion and signifies the EU's part in the G7 credit initiative, which collectively aspires to offer Ukraine around €45 billion in financial assistance.
“These loans are to be reimbursed using funds from frozen Russian state assets, located in the EU,” the document stated.
The EC observes that following this recent payment, the cumulative sum of European Commission loans to Ukraine under this MFA totals €7 billion starting from early 2025.
The European Commission also noted that following the agreement by the EU leaders at a special European Council meeting in early March, the EC stood prepared to make an advance payment to the credit initiative if required.
source: reuters.com
