The European Commission has provided Ukraine with 500 million euros

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The money will be sent to the state budget.

The European Commission has provided Ukraine with 500 million euros of macro-financial assistance. On Wednesday, June 10, Prime-Minister Denis Shmyhal, reports the Chronicle.info with reference to the Correspondent.

According to him, the prerequisite for this was the cooperation with the International monetary Fund.

“Successful cooperation with the IMF has led to an approving response from the European partners on the allocation of the next tranche under the program. Ukraine has fulfilled all the conditions for the implementation of reforms than has clearly consolidated its status as a responsible state,” wrote Smigel.

According to him, the funds will be directed to the state budget for expenses, including overcoming the consequences of the COVID-19.

As reported, in late may, the EU approved Ukraine tranche of 500 million euros.