Support Us

European Parliament supports allocation of €50 billion for Ukraine

Tuesday, 27 February 2024, 13:33
European Parliament supports allocation of €50 billion for Ukraine
The European Parliament. Photo: Getty Images

The European Parliament has approved the allocation of a €50 billion macro-financial assistance package to Ukraine by a majority vote.

Source: European Pravda with reference to press service of the European Parliament

Details: At the plenary session on 27 February, the decision was adopted with 536 votes in favour. 


A total of 40 European deputies were against, while 39 abstained from voting.


  • On 1 February, EU leaders overcame Hungary's long-standing opposition and reached an agreement on allocating €50 billion of macro-financial assistance to Ukraine. The programme is designed to run for four years.
  • On 22 February, the European Parliament committees supported the decision to create a multi-year financial assistance programme for Ukraine amounting to €50 billion. 
  • Ursula von der Leyen, President of the European Commission, said that the EU expects to provide the first tranche of funds to Ukraine in March.
  • Earlier, the Ukrainian government also indicated that Ukraine expects to receive the first tranche of macro-financial support payments from the EU, in the amount of €4.5 billion, under the Ukraine Facility programme in March.

Support UP or become our patron!