Ukraine receives €150 million in EU grants
Wednesday, 25 December 2024, 13:47
The European Union has transferred the second tranche of grant aid of €150 million to Ukraine's budget for rapid reconstruction.
Source: Ministry of Finance of Ukraine on Wednesday, 25 December, as reported by European Pravda
Details: The funds will be used to provide free meals for primary school children (€65 million), restore port infrastructure (€50 million), support agriculture (€20 million) and restore critical infrastructure (€15 million).
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The funds are the second tranche under the agreement between Ukraine and the EU to finance the Support for Ukraine's Early Recovery programme, which has a total budget of €300 million.
Background:
- Ukraine received the first tranche of €150 million in December 2023.
- The European Union plans to provide Ukraine with over €30 billion in support in 2025, which will almost completely cover the Ukrainian budget's financial deficit.
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