The European Union has listed Ukraine EUR 600 million second tranche of macro-financial assistance.

The European Union has allocated to Ukraine the second tranche of macro-financial assistance in the amount of 600 million euros, said the President of Ukraine Petro Poroshenko.

“Today, the EU has made a second tranche in the amount of 600 million euros to Ukraine under macro-financial assistance to stabilize the situation and reforming the economy of Ukraine”, – wrote Poroshenko on his page in the microblog Twitter on Tuesday.

March 16, 2017, it became known that the European Commission approved the allocation of 600 million Euro macro-financial assistance to Ukraine. According to the report of the European Commission, these funds will be used to assist in the implementation of a large programme of structural reforms in the country .

March 20, Poroshenko said that the 600 million Euro macro-financial assistance from the European Union will arrive in Ukraine after the transfer of the tranche of $1 billion loan from the International monetary Fund.

On 3 April, the IMF Board of Directors approved the allocation of Ukraine the next tranche under the extended financing facility (EFF) worth about $1 billion (734,05 million SDR).