Ukraine has received €150 million in non-repayable financial assistance from the European Union. The funds are part of the agreement on financing the programme "Support for Ukraine's Early Recovery".
Where will EUR 150 million of grant aid from the EU be directed?
According to Minister of Finance Sergii Marchenko, the grants will help restore critical facilities damaged as a result of the armed aggression of Russia, including transport infrastructure, housing and communal services, social infrastructure and residential premises.
According to the press service, the second tranche of EUR 100 million is expected in the first quarter of 2024.
The funds will be used both to finance restoration measures and to support small farms and other agricultural businesses.
What is known about 50 billion euros for Ukraine
The European Commission has proposed to increase the EU's common budget by 66 billion euros to cover the next 4 years, part of which will be used to provide financial support to Ukraine in the amount of 50 billion euros.
On 3 October, the European Parliament supported an initiative to create the Ukraine Fund, a new financial instrument for Ukraine with up to €50 billion for the period from 2024 to 2027.
On 30 November, European Budget Commissioner Johannes Hahn announced that the EU had agreed a €50 billion financial aid package for Ukraine.
On 1 February 2024, a special summit of the European Commission will be held to discuss the allocation of EUR 50 billion for 4 years under the Ukraine Facility programme.
