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Ukraine received EUR 120 million a Grant from the EU

The European Commission provided Ukraine grant of EUR 120 million within the framework of the general package of emergency financial assistance announced on 24 January 2022.

The funds are on a non-repayable and irrevocable basis in accordance with the financing agreement State and Resilience Building Contract signed by the parties on 30 March 2022. Funds will be transferred to the general fund of the state budget to finance the most urgent expenses of the state, including those related to ensuring guaranteed social protection of citizens, functioning of critical infrastructure, and the security sector.

"I am grateful to the European Union and the European Commission for the support of the Ukrainian people, in particular for the deep understanding of the situation in Ukraine and for the promptness in making decisions", said the Minister of Finance of Ukraine Sergii Marchenko.