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European Commission disburses first tranche of the new €1 billion macro-financial assistance for Ukraine

The European Commission, on behalf of the EU, has disbursed the first half (€500 million) of a new €1 billion macro-financial assistance (MFA) operation for Ukraine on 1 August.

date:  08/09/2022

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The second tranche (another €500 million) was disbursed on 2 August. The decision about this new exceptional MFA was adopted by the European Parliament and the Council on 12 July 2022. This additional MFA of €1 billion is part of the extraordinary effort by the EU, alongside the international community, to help Ukraine to address its immediate financial needs following the unprovoked and unjustified aggression by Russia. It is the first part of the exceptional MFA package of up to €9 billion announced in the Commission's communication of 18 May 2022 and endorsed by the European Council of 23-24 June 2022. It complements 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 bring the total MFA support to Ukraine since the beginning of the war to €2.2 billion.