The Council of the European Union has approved the allocation of the macro-financial assistance worth EUR 1 billion by the EU to Ukraine.
The EU Council has written this on Twitter, Ukrainian News Agency reports.
"@EUCouncil approves €1 billion of new loans to cover its financing needs and support economic stabilisation and a programme of structural reforms," the EU Council twitted.
As Ukrainian News Agency earlier reported, the said macro-financial assistance will be allocated in two tranches during 2.5 years if certain progress in the fight against corruption is made in Ukraine.
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