On November 30, 2018, the European Commission, on behalf of the EU, approved the disbursement of the first EUR 500 million of the new Macro-Financial Assistance program to Ukraine, which amounts to a total of EUR 1 billion. Aequo advised European Commission on the deal.
The Macro-Financial Assistance program is contemplated by the Memorandum of Understanding and the Loan Facility Agreement entered in September 2018 by Ukraine, as borrower, the National Bank of Ukraine, as agent to the borrower, and the European Union, as lender. Both documents were ratified by the Ukrainian Parliament on November 8, 2018.
According to Aequo, with this disbursement, the total MFA extended to Ukraine by the EU since 2014 will reach EUR 3.3 billion, the largest amount of such assistance directed at any non-EU country.
The Aequo team consisted of Partner Yulia Kyrpa and Senior Associate Viktor Panchenko.
