The EU is set to disburse 3.2 billion euros ($3.7 billion) in budgetary aid to Ukraine next month, the first such payment under a giant loan approved in April, Brussels said on May 20.

Ukraine and the European Union have initialled a Memorandum of Understanding on €8.35 billion in macro-financial assistance under the EU's €90 billion loan programme.

The EU is set to disburse 3.2 billion euros ($3.7 billion) in budgetary aid to Ukraine next month, the first such payment under a giant loan approved in April, Brussels said on…