The European Parliament. Photo: Getty Images
The European Parliament has approved the allocation of a €50 billion macro-financial assistance package to Ukraine by a majority vote.
Source: European Pravda with reference to press service of the European Parliament
Details: At the plenary session on 27 February, the decision was adopted with 536 votes in favour.
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A total of 40 European deputies were against, while 39 abstained from voting.
Background:
- On 1 February, EU leaders overcame Hungary’s long-standing opposition and reached an agreement on allocating €50 billion of macro-financial assistance to Ukraine. The programme is designed to run for four years.
- On 22 February, the European Parliament committees supported the decision to create a multi-year financial assistance programme for Ukraine amounting to €50 billion.
- Ursula von der Leyen, President of the European Commission, said that the EU expects to provide the first tranche of funds to Ukraine in March.
- Earlier, the Ukrainian government also indicated that Ukraine expects to receive the first tranche of macro-financial support payments from the EU, in the amount of €4.5 billion, under the Ukraine Facility programme in March.
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