The European Union plans to start payments in March as part of the political agreement on the allocation of €50 billion to Ukraine.
What did Ursula von der Leyen say about €50 billion for Ukraine
The first tranche under the Ukraine Facility program for €50 billion will arrive in Ukraine in March. The EU will continue to support its future members.
We will continue to deliver much-needed funding and predictability for our brave partner and aspiring member,” von der Leyen wrote.
Ursula von der Leyen
President of the European Commission
We aim to start payments in March, added the President of the European Commission.
What is known about the program for Ukraine
On February 1, during the summit, the leaders of the European Union approved the allocation of €50 billion for Ukraine as part of the Ukraine Facility program for 2024-2027.
On February 5, the Council of the EU and the European Parliament reached a preliminary agreement on the creation of a new instrument to support the recovery, reconstruction and modernisation of Ukraine, the Ukraine Facility Fund.
The European Parliament must approve the document at the plenary session scheduled for February 26-29, 2024.
Ukraine expects the first payment of €4.5 billion in March. Ukraine's President, Volodymyr Zelenskyy, said that Ukraine wants to receive €18 billion in the program's first two years.
