Ukraine receives 2nd tranche of USD 634-mn from EU's financial aid package

Ukraine has received the second tranche of the European Union's (EU) emergency macro-financial assistance programme, worth 600 million euros (634 million dollars), according to the Ukrainian Finance Ministry.

In a statement, the ministry stated, "The fund will be used to ensure financial stability in Ukraine during the war."
Denys Shmyhal, the Prime Minister of Ukraine, expressed gratitude to European Commission President Ursula von der Leyen for the assistance.

In February, the European Union resolved to provide Ukraine with 1.2 billion euros (1.26 billion USD) in emergency aid. In March, Ukraine received 600 million euros as part of the aid package.

Ukraine received €300 million in emergency Macro-Financial Assistance (MFA) from the European Commission in early March. The amount have been disbursed quickly to aid Ukraine's macroeconomic stability in the wake of Russia's unprovoked and unlawful invasion.

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