BRUSSELS, July 23 – Ukraine signed a memorandum with the European Union of understanding and a loan agreement between Ukraine, the National Bank of Ukraine (NBU) and the EU on the country's receipt of macrofinancial assistance in the amount of EUR 1.2 billion.

On the Ukrainian side, the documents were signed by Finance Minister Serhiy Marchenko and NBU Governor Kyrylo Shevchenko.

According to Prime Minister Denys Shmyhal, the memorandum on the fifth macrofinancial assistance program provides for a 12-month period. The loan itself is issued for 15 years (until 2035), the interest for the use of funds is 0.125% per annum.