(QHA) -

The European Union has transferred first tranche of the macroeconomic assistance to Ukraine in amount of 100 million euros.

This was reported by the Vice-President of the European Commission Siim Kallas, Interfax-Ukraine reports.

"I'm glad to confirm that the first part of macroeconomic assistance was transferred to Ukraine in total amount of 100 million euro", he told while attending the meeting on the devolution of power in Kyiv.

Kallas has added that the second tranche in amount of 500 million euros will be allocated as soon as Verkhovna Rada will ratify the Memorandum of Understanding. According to him, Kyiv may receive the whole amount of aid till the end of this year if it implements the reforms effectively and in time.

Reminder, that Ukraine and the European Union have signed the Memorandum of understanding and Loan Agreement which allow the EU to provide a macro financial assistance to Kyiv in amount of 1 billion euro.