EU disburses around €300 million in emergency macro-financial assistance to Ukraine and adopts €120 million in grants

Today, the European Commission disbursed an additional €289 million in emergency macro-financial assistance (MFA) to Ukraine and adopted a €120 million grant for Ukraine as a budget support in the form of a Statebuilding and Resilience Contract to help the Ukrainian government strengthen civilian preparedness and crisis management at central and local levels. This follows last week’s €300m disbursement, which was the first installment of the first €600m tranche under Ukraine’s new €1.2bn emergency MFA program. announced by the European Commission on January 24, 2022, as well as the grant of 120 million euros. The emergency MFA program will make a significant contribution to strengthening Ukraine’s macroeconomic stability in the context of the unprovoked and unjustified Russian invasion. It represents a concrete demonstration of the EU’s unwavering support for Ukraine. These first payments follow the rapid adoption of the Commission’s proposal for a new emergency program by the Council and the European Parliament. The remaining funds (€600 million) will be disbursed later this year, in accordance with the Memorandum of Understanding signed by the EU and Ukraine. Alongside the implementation of the emergency MFA programme, the Commission is preparing an additional MFA program to further support Ukraine in the longer term, also announced by President von der Leyen at the end of January. The Statebuilding and Resilience Contract for Ukraine adopted today aims to mitigate the impact of current and potential future crises in Ukraine. It envisages targeted policy measures aimed at addressing existing vulnerabilities resulting from crises affecting society as a whole or particular critical infrastructures, including the transport network, information and communication systems and the electricity network. The action will further support the preparation of adequate response mechanisms at all levels of government and society. This support comes on top of far-reaching and unprecedented sets of measures that the EU has taken in response to Russia’s acts of aggression against Ukraine’s territorial integrity.