The Council of the European Union on Monday adopted a proposal to provide Ukraine with 1.2 billion euro macro-financial assistance.

"The EU will provide an emergency macro-financial assistance operation of €1.2 billion in the form of loans to foster stability in Ukraine. It intends to provide swift support in a situation of acute crisis and to strengthen Ukraine's resilience," it said in a statement. 

The Council finalized the adoption 21 days after the Commission presented the proposal.