In early August, the European Commission disbursed €1 billion in macrofinancial assistance, as agreed in mid-July, to help Ukraine, which is facing a military invasion by Russia, meet its financial commitments (see EUROPE B12991A4).
This new EU aid, in the form of a 25-year soft loan, is conditional on the Ukrainian authorities respecting effective democratic mechanisms (parliamentary pluralism, rule of law) and human rights. The EU budget guarantees 70% of this loan and also covers the...