EU disburses another €1.5 billion in macro-financial assistance to Ukraine

Published in World
Wednesday, 22 March 2023 16:08

European Commission President Ursula von der Leyen announced today that the European Union has disbursed another €1.5 billion in macro-financial assistance to Ukraine.

“Our support helps keep Ukraine running, while defending itself,” wrote von der Leyen on Twitter. “And puts Ukraine firmly on its EU path by supporting reforms – good governance and financial stability, for example.”

On 17 January, the European Union disbursed the first €3 billion of the €18 billion of promised macro-financial assistance agreed in December 2022.

This emergency assistance aims to provide short-term financial relief, financing Ukraine’s immediate needs, rehabilitation of critical infrastructure and initial support towards sustainable post-war reconstruction, with a view to supporting Ukraine on its path towards European integration. The loans will have a 10-year grace period. 

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Press release

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  • European Commission releases €1.5 billion in macro-financial assistance to Ukraine

    Today the European Union is providing another €1.5 billion to Ukraine under its annual macro-financial assistance package. 

    The European Commission made today a third payment of €1.5 billion under the Macro-financial Assistance (MFA)+ package for Ukraine, worth up to €18 billion. 

    This support will help Ukraine cover its immediate financial needs: to continue paying salaries and pensions and to maintain basic public services such as hospitals, schools and housing for the displaced. It will also allow Ukraine to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia in its war of aggression, such as energy infrastructure, water systems, transport networks, roads and bridges.

    Today’s payment comes after the Commission found that Ukraine continued to make satisfactory progress to strengthen the rule of law, enhance financial stability, improve the functioning of the gas system and promote a better business climate. 

    This finding will also enable the disbursement of two further monthly payments of €1.5 billion each in May and June.

    Overall, since the start of the war, the support to Ukraine and Ukrainians amounts to around €68 billion. 

    “We will continue helping Ukraine resist Russia’s aggression, keep its institutions and infrastructure running, and conduct crucial reforms,” President of the European Commission Ursula von der Leyen wrote on Twitter.

    Find out more

    Press release

  • Committee for European Union of the German Bundestag visits Tbilisi

    A delegation from the committee for European Union affairs of the German Bundestag will visit Georgia from May 2nd to 5th, 2023. Members of the delegation are: Christian Petry (SPD, Head of delegation), Ralph Brinkhaus (CDU/CSU), Michael Sacher (BÜNDNIS 90/DIE GRÜNEN), Thomas Hacker (FDP) and Dr. Harald Weyel (AfD).

    During the visit, meetings are planned with the Minister of Justice, H.E. Rati Bregadze, the Minister of Economy and Sustainable Development, H.E. Levan Davitashvili, and Deputy Foreign Minister, H.E. Teimuraz Janjalia.

    Furthermore, the delegation will hold talks with the Speaker of the Parliament, Shalva Papuashvili and the chairmen of several committees of the Georgian Parliament.

    The program is completed by exchanges with representatives of civil society, the media, business and cultural institutions.

    As Georgia submitted an application for membership to the European Union in March 2022 and has had the prospect of joining the EU since June 2022, the talks will concern necessary reforms and the structure of relations and cooperation between Georgia and the EU.

    Against the background of the Russian war of aggression in Ukraine, the focus will also be on coordinating questions of foreign and security policy, as well as on the regional effects of the war and geopolitical aspects.

  • EU Foreign Affairs Council: Ukraine, Moldova, and Georgia in focus

    The EU Foreign Affairs Council took place on 24 April, with the situation in Ukraine, Georgia and Moldova as priority topics.

    Ukrainian Foreign Minister Dmytro Kuleba addressed the EU ministers via video conference, and briefed them about the latest developments on the ground and Ukraine’s military priorities and needs, especially in terms of ammunition and missiles. 

    EU High Representative Josep Borrell highlighted that in total the EU and its member states have already facilitated the delivery to Ukraine of over €13 billion in military support. 

    He also updated ministers on EU military support to Ukraine in the context of the three-track planOn track one, the EU adopted an assistance measure under the European Peace Facility worth €1 billion to address Ukraine’s most immediate needs. EU member states are also finalising work on track two, to facilitate joint procurement. Lastly, the European Commission will soon present concrete proposals on how to ramp up the European defence production capacity under track three.

    Ministers were also informed about the activities of the EU Military Assistance Mission in support of Ukraine (EUMAM Ukraine), which has already exceeded its initial target by training over 16,000 Ukrainian soldiers. The EU aims to train a total of 30,000 soldiers by the end of 2023.

    EU Foreign Ministers also held an informal exchange with the Georgian Foreign Minister, Ilia Darchiashvili, and confirmed that Georgia has made significant progress in many key reforms. They also highlighted that rule of law, human rights, media, civil society and independent state institutions are important elements for each country aspiring to join the EU.

    Concerning Moldova, the Foreign Affairs Council established a new civilian EU CSDP partnership mission (EUPM Moldova), reached a broad agreement on a new framework for sanctions against those who destabilise the country, and on allocating further €40 million coming from the European Peace Facility to support Moldova’s defence capabilities.

    Find out more

    Press release

  • SHALVA PAPUASHVILI - PRESENTLY, IT IS NOT OPPORTUNE TO DISCUSS THE OPEN-DOOR POLICY, WE NEED CONCRETE SOLUTIONS

    "It was a significant opportunity for us to participate in the conference alongside the Speakers of the parliaments of the European Union member states. The central theme of the conference was Russia's aggression against Ukraine. During my speech, I was able to reiterate our unwavering solidarity with Ukraine", - Shalva Papuashvili stated while summarizing the conference of the Speakers of the Parliaments of the EU member and partner countries (EUSC).
    As he mentioned, it is time to make a decision regarding Georgia and it is important that the European Union takes a more serious look at its own role and enlargement policy.

    As the Speaker of the Parliament stated, today is not the time to talk at the open door and it is important for the European Union to make a decision to grant Georgia the status of the European Union.

    "Given the prevailing geopolitical scenario, it is crucial for the European Union to take a more serious view of its role in the South Caucasus region. It is time to take a decision regarding Georgia, and it is imperative to understand and make this decision from this perspective. Presently, it is not opportune to discuss the open-door policy, but rather focus on progress. We need concrete solutions that the Georgian people are eagerly anticipating.

    Last year, by not being granted candidate status, we were somewhat separated from the association trio. However, it was later confirmed that we continue to lead the way. Therefore, it is crucial that this situation be rectified, and Georgia is once again restored to its former position, alongside Moldova and Ukraine by the end of the year", - Shalva Papuashvili stated.

  • Prime Minister departs for Brussels

    Georgian Prime Minister Irakli Garibashvili, together with a delegation, has set out on a visit to Belgium.

    Within the scope of the visit, Irakli Garibashvili will hold high-level bilateral meetings at both NATO and the EU.
    Led by the Prime Minister, the Georgian delegation consists of Foreign Minister Ilia Darchiashvili and Head of the Government Administration Revaz Javelidze.
    Press Service of the Government Administration

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