European Commission pays EUR 1.5 bln in financial assistance to Ukraine

BRUSSELS, July 25 (KUNA) -- The European Commission Tuesday announced paying the sixth tranche of EUR 1.5 billion (USD 1.6 billion) under the Macro-financial Assistance package for Ukraine; worth up to EUR 18 billion (USD 19.5 billion).

With today's payment, Ukraine has received EUR 10.5 billion (USD 11.5 billion) this year, it said in a statement.
This support will help Ukraine to continue paying wages and pensions, and keep essential public services running, such as hospitals, schools, and housing for relocated people.
It will also allow Ukraine to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia in the war against Ukraine, it noted.
Overall, since the start of the war, the EU support to Ukraine amounted to EUR 76 billion (USD 83 billion). This includes financial, humanitarian, emergency budget and military support from the EU and European financial institutions. (end) nk.sam.