Germany promises to release €8B in aid from the EU.
Tuesday, August 9, 2022

Germany promises to release €8B in aid from the EU.

Germany will help Ukraine to quickly receive the next 8B in macro-financial assistance from the EU and will take the lead in this process, said German Finance Minister Christian Lindner. The Prime Minister of Ukraine, Denys Shmyhal, thanked Germany for its significant support, particularly for 300M in loans and 1B in grant aid. Also, he thanked Germany for their help with the European Union’s provision of the first 1B tranche of macro-financial assistance. Previously, the European Commission decided to provide 9B of macro-financial support. However, after Ukraine received €1B the rest of the money was frozen. After negotiations, Ukraine expects to receive the rest of the money in the next month.

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