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EU disburses additional €300 million in emergency Macro-Financial Assistance to Ukraine and adopts €120 million in grant support

On 18 March, the Commission disbursed a further €300 million in emergency Macro-Financial Assistance (MFA) to Ukraine and adopted a €120 million grant for Ukraine as budget support.

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European Union

date:  31/03/2022

See alsoUkraine refugees: Operational guidelines...

The budget support takes the form of a State and Resilience Building Contract to support the Ukrainian Government in strengthening civilian crisis preparedness and management at both central and local levels. This follows a previous disbursement of €300 million, which formed the initial part of the first €600 million instalment under Ukraine's new €1.2 billion emergency MFA programme announced by the European Commission on 24 January 2022, together with the €120 million grant support. The emergency MFA programme will make a meaningful contribution towards enhancing Ukraine's macroeconomic stability in the context of Russia's unprovoked and unjustified invasion. It represents a concrete demonstration of the EU's unwavering support for Ukraine. The remaining funds (€600 million) will be disbursed later in the year, in line with the Memorandum of Understanding signed by the EU and Ukraine. In parallel to implementing the emergency MFA programme, the Commission is preparing an additional MFA programme to further support Ukraine in the longer term, also announced by President von der Leyen at the end of January.