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European Commission to Provide Ukraine With Up to $19.5Bln in 2023

© AFP 2023 / EMMANUEL DUNANDValdis Dombrovskis, European Commission (EC) vice president for the Euro and Social Dialogue
Valdis Dombrovskis, European Commission (EC) vice president for the Euro and Social Dialogue - Sputnik International, 1920, 16.01.2023
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MOSCOW (Sputnik) The European Commission has signed a memorandum of understanding to provide Ukraine with financing of up to 18 billion euros ($19.5 billion) in loans in 2023, with the first payment of 3 billion euros to follow later this week, Executive Vice President for An Economy that Works for People Valdis Dombrovskis said on Monday.
"Honoured to sign MoU on behalf of the EU to provide Ukraine with [EU] financing in 2023 – up to €18 bln in loans," the European Commission's official tweeted.
The official also said that the first payment of 3 billion euros would take place "later this week."
EU flag - Sputnik International, 1920, 03.10.2022
Analysis
EU Risks Financial Crisis, Disintegration If It Continues To Pour Billions Into Ukraine, Say Experts
On Friday, European Commission President Ursula von der Leyen said that the bloc had approved the macro-financial aid to Ukraine for 2023, which became the largest tranche the European Union has ever delivered to a partner country.
According to data from the experts, since the start of Russia's military operation in Ukraine on February 24, Kiev has received more than $37 billion in aid from the EU.
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