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Germany has provided Ukraine with US$1,55 billion worth of financial aid

Saturday, 5 August 2023, 11:32

Since the beginning of the full-scale invasion, Germany provided US$1.55 billion worth of financial assistance to Ukraine, a significant part of the funding was directed in the form of grants.

Source: press service of the Ministry of Finance.

"Financial, military, and humanitarian support is extremely important for countering aggression effectively. And Germany is one of the leaders in supporting our struggle against the terrorist actions of Russia," said Finance Minister Serhii Marchenko during a meeting with the newly appointed Ambassador Extraordinary and Plenipotentiary of Germany to Ukraine Martin Jäger.

In addition, Marchenko and Jäger discussed the current economic situation, financial challenges during martial law, the path to European integration of Ukraine, the EU initiative to create a Ukrainian fund (Ukraine Facility) to provide support, cooperation with the IMF, and needs for the next budget period.

In total, since the beginning of the full-scale invasion, the German Government has provided financial assistance amounting to US$1.55 billion. The lion's share of funding was sent in the form of grants, which is extremely important, because it allows Ukraine to reduce the debt burden in the future.

During the meeting, Martin Jäger assured Marchenko that Germany will continue to support Ukraine's efforts in the fight against the aggressor.


On 25 July, Ukraine’s state budget received the sixth tranche of macro-financial assistance from the EU in the amount of EUR 1.5 billion.

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