The European Parliament has supported the European Commission’s proposal to allocate a EUR 5 billion micro-financial loan to Ukraine.

534 MEPs voted for such a decision during a plenary session in Strasbourg on Thursday. Some 30 MEPs voted against the decision, and 26 abstained.

Last summer, European Commission President Ursula von der Leyen proposed allocating EUR 9 billion as an extraordinary package of macro-financial assistance to Ukraine. The first tranche of EUR 1 billion has already been disbursed to Ukraine. The terms of the disbursement of the next tranche, worth EUR 5 billion, were agreed by the ministers of the economy of the EU countries during an informal meeting in Prague on September 9. According to the European Commission, the remaining EUR 3 billion will also be paid quickly in the coming months.