European Commission proposes second €5 billion tranche of macro-financial assistance to Ukraine
![](https://ec.europa.eu/newsroom/repository/picture/2022-36/image002_ZbX98PMHkGA0vk0xQyy1jqEHpA_103111.jpg)
date: 08/09/2022
The Commission disbursed the first €1 billion of this MFA package in early August. The remaining funds of up to €3 billion will be provided as soon as possible. The proposal announced on 7 September is part of the extraordinary effort by the EU, alongside the international community, to help Ukraine to address its soaring financial needs following the unprovoked and unjustified aggression by Russia. It is a key element of the overall short-term liquidity relief measures announced by the Commission in May 2022 and makes a sizeable contribution to closing the funding gap for the fourth quarter and thus maintaining stability. The proposal will complement the support already provided by the EU, including a €1.2 billion emergency MFA loan paid out in the first half of the year. Taken together, the two strands of the programme would bring the total MFA support to Ukraine since the beginning of the war to €7.2 billion and could reach up to €10 billion once the full package of exceptional MFA to Ukraine becomes operational this year.