The money will go to macro-financial assistance.
The European Union signed a memorandum on allocation of 1.2 billion euros for Ukraine. These funds will be used for macro-financial assistance, Khronika.info reports with reference to RBC-Ukraine.
«The European Union has just signed a memorandum with Ukraine on the provision of 1.2 billion euros of macro-financial assistance. We sincerely thank the true friend of Ukraine Valdis Dombrovskis. Another gesture of significant support from the EU, which will help strengthen our economic potential for the expulsion of Russian occupiers from Ukrainian soil», — noted the prime minister.