BRUSSELS: The European Commission signed on Thursday a memorandum of understanding with Ukraine on a macro-financial assistance program that paves the way for a 3.2 billion euro disbursement in mid-June, once it is ratified by the Ukrainian parliament. The macro-financial assistance is part of the EU’s bigger, 90 billion euro financing scheme that is to keep Kyiv funded throughout 2026 and 2027 as it fends off Russia’s invasion.

Ukraine and the European Union are continuing talks on a Memorandum of Understanding on macro-financial assistance to Kyiv under a €90 billion loan and are discussing the economic…

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.