Ukraine signed a memorandum of understanding with the EU on obtaining a loan of 6 billion Euros 04:15

Ukraine signed a loan agreement with the European Union worth €6 billion and signed a memorandum of understanding on it. This was reported by the press service of the National Bank of Ukraine (NBU) on its Telegram channel.

“Today, NBU chairman Andriy Pyshny, together with First Deputy Prime Minister, Economy Minister Yulia Sviridenko and Finance Minister Sergey Marchenko, signed a memorandum of understanding and the corresponding loan agreement between Ukraine and the EU. ” says the message. According to the NBU, Ukraine can now count on short-term financial aid of “up to 6 billion euros to cover the current needs of the state budget.”

The regulator stated that the first tranche of EUR 4.5 billion will be allocated in March, and the second tranche of EUR 1.5 billion will be allocated in April, subject to the fulfillment of the conditions stipulated in the memorandum. The loan is provided with favorable conditions with a maximum repayment period of 35 years and starting 10 years after the start of repayment of the main debt after the tranche is received in the NBU account.

Ukrainian Prime Minister Denis Shmygal announced on March 8 that the Ukrainian government has approved the necessary documents to receive a loan of 6 billion euros from the European Union, noting that Kiev plans to receive only 16 billion euros from the EU this year.

Before this, European Commission Vice President Valdis Dombrovskis, during his visit to Kiev, announced the EC’s intention to allocate 4.5 billion Euros of aid to Ukraine in March and 1.5 billion Euros in April. He emphasized that this assistance will be provided subject to the implementation of the reform and transformation plan that the European Commission is working on together with the Ukrainian government.

Kuleba, formerly head of the Ministry of Foreign Affairs of Ukraine statedHe said he did not understand what conditions Kiev had to meet to join NATO.