Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
This week in photos: Diplomatic kiss, Paddington's dance and French bank in flamesSociety & Culture October 20, 17:46
Scientific team unlocks secret to supercaps’ vast capacity as ‘the battery of the future’Science & Space October 20, 17:40
Russian economy’s losses from cyber threats may surge fourfold in two yearsBusiness & Economy October 20, 16:52
Nornickel to begin construction of golf field in Siberia in 2018Business & Economy October 20, 16:10
BRUSSELS, June 10. /ITAR-TASS/. The European Commission has raised €500 million in aid to Ukraine as part of the macro-financial assistance (MFA) program and will transfer the money to Kiev on June 17.
The first portion of the aid in the amount of €100 million was transferred to Ukraine on May 20. “MFA II is supporting Ukraine with loans of up to €1 billion and is implemented in parallel with the already approved program of €610 million (MFA I), totaling a combined amount of up to €1.61 billion,” the statement said.
The new Macro-Financial Assistance (MFA II) program is intended to assist Ukraine economically and financially in the current critical stage of its development. It is part of the package to support Ukraine announced by the European Commission on 5 March and endorsed by the European Council on 6 March.
Since January 2011 the EU has raised in total €48.2 billion from the bond market, used mainly for the European Financial Stabilization Mechanism or EFSM (€46.4 billion) and the remainder for a Balance of Payments loan program (€1.2 billion) and for Macro-Financial Assistance (€0.6 billion). Under the MFA for Ukraine up to €1.01 billion is still to be funded.