EU and Ukraine sign agreement on loan of up to 35 billion euros
Kyiv • UNN
Ukraine and the EU have signed an agreement on macro-financial assistance of up to 35 billion euros. Repayment of the loan is planned to be carried out at the expense of profits from frozen assets of the Russian Federation in the EU.
Finance minister of Ukraine Serhiy Marchenko has signed a memorandum of understanding and a loan agreement between Ukraine and the EU to attract up to 35 billion euros of macro-financial assistance (MFA). the loan will be repaid at the expense of future profits from frozen assets of the Russian Federation in the European Union, the Ministry of Finance said on Wednesday, reports UNN.
Кошти є частиною Г7 ініціативи щодо механізму податкових кредитів для збільшення надходжень до бюджету України (позачергова компанія прискорення кредитів для України).
It is noted that the final amount of MFA will be determined after approval of the amount of loans from all parties to the initiative. The proposed US funding is – 20 billion, so part of the EU may amount to €18 billion.
Repayment of the loan will take place exclusively at the expense of future profits from Frozen sovereign assets of the Russian Federation in the EU. Thus, it is expected that all MFA funds for Ukraine will be on an irrevocable basis. Internal financial resources will not be used for repayment
recall
On October 24, the EU Council adopted a package of assistance to Ukraine, which includes 35 billion euros of macro-financial assistance (MFA) and a mechanism to support the repayment of loans for 45 billion euros (дол 50 billion).) provided by the EU and G7 partners. The MFA loan is expected to be granted by the end of 2024 and will have a maximum term of 45 years.
