Ukraine will receive up to €35 billion loan from the EU: details of the agreement – UNIAN
It is expected that all loan proceeds to Ukraine will be on an irrevocable basis.
Minister of Finance of Ukraine Sergei Marchenko signed a Memorandum of Understanding and a Credit Agreement between Ukraine and the European Union to attract up to 35 billion euros of macro-financial assistance (MFA).
As the press service of the Ministry of Finance reported, Chairman of the National Bank of Ukraine Andriy Pyshny is also a signatory from Ukraine, and Vice-President of the European Commission Valdis Dombrovskis is a signatory from the EU.
It is noted that the funds are part of the G7 initiative for a mechanism for additional loans to increase revenues to the budget of Ukraine.
In this case, the final volume of MFA will be determined after approval of the amount of loans for all…
