Ukraine receives EUR 260 million in aid from EU

15:24, 13 November 2014
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Ukraine has received the next tranche of a macro-financial assistance loan from the European Union, amounted to EUR 260 million euros, according to the press service of the Ministry of Finance of Ukraine.

UNIAN

"In the framework of financial cooperation between Ukraine and the European Union, Ukraine has received a loan of EUR 260 million, which consisted of the second and the third tranches of a macro-financial assistance loan from the EU," the ministry reported.

According to the report, the credit was taken at 1.375% per annum with a repayment date of October 4, 2024.

As UNIAN reported earlier, the total support for Ukraine in the framework of the EU macro-financial assistance program has amounted to EUR 1.61 billion. The financial support is a part of an assistance program to Ukraine that was announced by the European Commission on March 5, 2014.

In April of this year, Ukraine has approved and signed a program of cooperation with the key creditors of the country - the World Bank and the International Monetary Fund. The two-year program of lending to the economy of Ukraine by the IMF involves the allocation of $17 billion, $4.5 billion of which Ukraine has already received.

Ukraine has also received $2.5 billion from the World Bank. The total amount of its financial assistance for 2014 is $3.5 billion. 

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