The European Commission agreed to allocate 4.1 billion euros to Ukraine within the framework of the Ukraine Facility program.
Points of attention
- The European Commission has agreed to allocate 4.1 billion euros to Ukraine as part of the Ukraine Facility program, supporting various budgetary projects including social, humanitarian, and defense initiatives.
- Ukraine is dedicated to reform and transformation, aiming for closer ties with Europe and eventual EU membership, with the approved EU support totaling 16.1 billion euros for sustainable development.
- The allocated funds will not be used for military expenses, which will be financed from Ukraine's own resources, showcasing the focus on social welfare and essential budget programs.
- Prime Minister Denys Shmyhal expressed gratitude for the EU's continuous support and emphasized Ukraine's commitment to reforms, despite facing challenges such as the war with Russia.
- The Ukraine Facility program demonstrates the strong partnership between Ukraine and the EU, with ongoing financial aid and plans for additional tranches to further support the country's development and future prospects.
Ukraine will receive more than 4 billion euros under the Ukraine Facility program
This was announced by the Prime Minister of Ukraine, Denys Shmyhal.
The European Commission agreed to allocate 4.1 billion euros to Ukraine within the Ukraine Facility. The EC gave a positive assessment to the reforms and noted that the government has fulfilled the necessary indicators for receiving this tranche. We are counting on the quick approval of the decision by the Council of the EU. After that, the total amount of support within the Ukraine Facility for this year will amount to 16.1 billion euros.
Denis Shmyhal
Prime Minister of Ukraine
Shmyhal thanked the EU for its unwavering support for Ukraine, and also emphasized that despite the full-scale war with Russia, Ukraine continues to reform and transform itself for rapprochement with Europe and full membership in the EU.
Where will the 4.2 billion euros received from the EU go?
As Prime Minister Denys Shmyhal said, the funds will be directed to social programs, the humanitarian sphere and other important budget programs.
Instead, military expenditures will continue to be financed exclusively from own resources.
The tranche consists of preferential financing — 2.7 billion euros and a grant — 1.5 billion euros.
Shmyhal reminded that since the beginning of the year, the EU has provided Ukraine with more than 12 billion euros in budget support.
We continue to implement reforms that are essential to our sustainability, development and future. European partners support these efforts. By the end of the year, we expect to receive another tranche of aid, the prime minister added.
