The European Commission proposed a new €1 billion macrofinancial assistance (MFA) operation on Friday 1 July, to help Ukraine meet its financial commitments.
This is the first tranche of the exceptional MFA package of up to €9 billion announced in its 18 May communication (see EUROPE B12955A2).
The proposal is part of the European Union’s extraordinary efforts, alongside the international community, to help Ukraine meet its immediate financial needs following the war started by...