EU ambassadors approved on Friday (11 February) the European Commission’s proposal to provide 1.2 billion euros of additional macro-financial assistance to Ukraine. The proposal can now be fast-tracked at the European Parliament with the aim of adopting the text as soon as possible. It intends to provide swift support in a situation of acute crisis and to strengthen Ukraine’s resilience.
The text needs to be adopted by the European Parliament and the Council before it can enter into force.
The current geopolitical tensions are having a detrimental effect on Ukraine's economic and financial stability. Persistent security threats have already triggered a substantial outflow of capital. Ukraine is losing access to international capital markets due to the heightened geopolitical uncertainty and its impact on the economic situation.
