The European Commission announced Tuesday that it has made a fourth payment of 1.5 billion euros (USD 1.6 billion) under the Macro-financial Assistance package for Ukraine, worth up to 18 billion euros (USD 19.3 billion) for 2023.
This support will help Ukraine to keep on paying wages and pensions and maintain essential public services running, such as hospitals, schools, and housing for relocated people, it said in a press release.
Today’s payment comes after the Commission said that it had found Ukraine continued to make satisfactory progress towards implementing the agreed policy conditions and complied with reporting requirements.
Overall, since the start of the war, the support to Ukraine and Ukrainians amounts to around 70 billion euros (USD 75 billion) in the financial, humanitarian, and emergency budget, and military support to Ukraine from the EU, Member States, and the European financial institutions.
Source: Kuwait News Agency