The European Parliament approved the allocation of 1 billion euros of macro-financial assistance to Ukraine in connection with the war, European Pravda reports..

The European Parliament supported the proposal of the European Commission on the allocation of additional assistance to Ukraine on favorable terms, in addition to 1.2 billion euros, which were transferred in March and May.

This amount is the first tranche of an exceptional macro-financial assistance package totaling €9 billion.

Financial aid? provided as quick financial support in times of urgent need, so that Ukraine can provide funding for critical government functions.

Funds are made subject to a number of criteria, including the preservation of democratic mechanisms despite the concentration of power in the executive branch in times of war, and increased transparency and accountability for use.

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Earlier it was reported that the EU is starting preparations for the confiscation of frozen Russian assets in favor of Ukraine. The European Commission began to develop a legal framework. Moscow calls such actions theft.