EU Council approves EUR 500 mln in assistance to Ukraine
1 July 2010
The European Union Council approved of providing Ukraine with up to EUR 500 mln in macro-financial assistance in the form of a loan facility. The funds are to be directed at supporting Ukraine’s economy and alleviating its balance of payments and budget needs as identified in Ukraine’s request to restart its program with the International Monetary Fund. The European Parliament approved the loan on May 18; the council passed the decision at a meeting in Luxembourg on June 29.
