President creates delegations to sign documents with EU, IBRD on financial support to Ukraine

16:34, 03.03.2022 1 min read

President of Ukraine Volodymyr Zelensky has signed a decree to ensure the conclusion of agreements with the European Union and the International Bank for Reconstruction and Development (IBRD) to provide financial support to Ukraine, the President's Office has reported.

Thus, by Decree No. 23/2022-rp dated March 3 this year, the head of state authorized Minister of Finance of Ukraine Serhiy Marchenko and head of the National Bank of Ukraine Kyrylo Shevchenko to sign a Memorandum of Understanding between Ukraine and the European Union on the receipt by Ukraine of state assistance in the amount of up to EUR 1.2 million.

In addition, by Decree No. 22/2022-rp, Volodymyr Zelensky formed a delegation of Ukraine to participate in negotiations with the IBRD on concluding an agreement on a loan "Additional financing of a loan for development policy in an emergency economic situation."

Andriy Sybiha, Deputy Head of the President's Office, said that Ukraine would receive financial support from the EU in two tranches of EUR 600 million each.