In 2023, in order to continue supporting Ukraine, the EU budget enabled €19.5 billion in short-term assistance, including an unprecedented support package of €18 billion in concessional loans. This was on top of the €11.6 billion provided in loans and grants in 2022. Thanks to this, Ukraine has been able to
continue paying wage and pensionsrestore critical infrastructure damaged by the warmaintain essential public services such as hospitals, schools, and housing for relocated peopleensure macroeconomic stability
In October 2024, the EU adopted a new financial assistance package. It consists of an exceptional macro-financial assistance (MFA) loan of approximately €18 billion and a loan cooperation mechanism that will support Ukraine in repaying loans provided by the EU and G7 partners for up to €45 billion.
This loan cooperation mechanism is to be financed by extraordinary revenues stemming from immobilised Russian sovereign assets. €8 billion of this exceptional MFA has been disbursed to Ukraine so far.