The New Voice of Ukraine: European Parliament backs European Commission’s proposal to provide Ukraine with EUR 18 billion in 2023 

It is noted the MEPs voted for the relevant amendments to regulatory acts that will allow the implementation of the new Macro-Financial Assistance Plus (MFA+) formula. 

A total of 571 MEPs took part in the voting, with 507 voting “for,” 38 “against,” and 26 “abstained.” In particular, three documents were voted in the package, namely two amendments and the proposal of the European Commission itself. 

The amendments have been made to the EU Multiannual Financial Framework 2021-2027 and the Financial Directive and are aimed at changing the approach to macro financial guarantees.  

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Update #1: EU Parliament approvies EUR 18 bn loan for Ukraine (Euromaidan Press)

Update #2: Parliament approves €18 billion loan for Ukraine for 2023 (EU Neighbours)  

WNU Editor: Here is an easy prediction. Ukraine will need more in 2023.