EU approves Ukraine's plan for Ukraine Facility

The Council of the European Union finally adopted Ukraine’s plan necessary for the implementation of the Ukraine Facility programme in the amount of €50 billion. This year, the government expects to raise €16 billion.

Source: Denys Shmyhal, Prime Minister of Ukraine

"The plan's approval allows us to launch the Ukraine Facility fully; our state will receive €1.89 billion of preliminary funding," Denys Shmyhal said. 

Ukraine will receive the rest of the budget support on a quarterly basis after meeting the indicators set out in Ukraine’s plan.  

Financial assistance from the EU in 2024 will reach €16 billion, €3 billion of which are grants, according to the Ministry of Finance of Ukraine. 

Background:

• The European Parliament approved the regulations of the Ukraine Facility programme in February 2024. According to the approved regulations, the EU support programme for Ukraine in the amount of €50 billion will be valid from 2024 to 2027.
• In April, the European Commission supported the Ukraine Plan reform proposed by the government of Ukraine within the framework of the Ukraine Facility mechanism, which defines the conditions for receiving €50 billion of macro-financial assistance during 2024-2027.
• Ambassadors of EU member states supported the plan for the Ukraine Facility, agreeing with the positive assessment of the document proposed by the European Commission.

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