Of the total amount that Ukraine will receive, around $245 million will be directed towards infrastructure recovery in eastern Ukrainian regions controlled by the Ukrainian government, and $490 million will be allocated to support small and medium-sized enterprises, and midcaps, according to the release.
Early in December, Ukraine received $622 million from the European Union within the framework of its financial cooperation with the bloc.
Ukraine is struggling to find a way out of an economic crisis that has been imposed by the ongoing political upheaval in the country. To help restore the economy, authorities in Kiev have had to ask for financial assistance from international structures.
According to the European Commission, Ukraine will require a total of 11 billion euros to re-build its economy