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EU Council approves €4.2 billion in aid to Kyiv

06 August 2024 17:39

The Council of the European Union has approved the decision previously agreed by the ambassadors to allocate Kyiv financial aid of about 4.2 billion euros from a special fund to support Ukraine.

"Having finalised the written procedure, the council today decided to make the first payment of about €4.2 billion under the Ukraine support fund," the Hungarian presidency of the council said in a statement, Caliber.Az reports, citing foreign media.

"This decision aims to support Ukraine's macro-financial stability and the functioning of its administration," the statement said. Earlier, the European Commission noted that it intended to transfer the tranche to Kyiv by September.

Caliber.Az
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