European Commission officially proposes to provide Ukraine with up to EUR 18 bln of MFA+ in 2023

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BRUSSELS. Nov 9 (Interfax-Ukraine) – The European Commission has officially unveiled a proposal to provide Ukraine in 2023 with up to EUR 18 billion in a new format of Macro-Financial Assistance+ (MFA+) for the stable maintenance of state functions during the war waged by Russia against the country.

The decision was announced by Executive Vice-President of the European Commission Valdis Dombrovskis on Wednesday in Brussels at a press conference.

Commenting on this decision, European Commission President Ursula von der Leyen wrote on her Twitter page: "The EU continues to stand in solidarity with Ukraine. We propose an €18 billion support package for 2023. Funding in regular tranches to help recovery in the short-term and strengthen institutions. Preparing the ground for a reconstruction of Ukraine progressing on the EU path."

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