The European Union has decided to provide Ukraine with €4 billion under the Ukraine Facility financial instrument. The decision was approved by the EU Council after Ukraine successfully fulfilled all the requirements set out in the Ukraine Plan by the end of the third quarter of 2024, the Ministry of Finance reported.
The financial assistance will consist of a loan and a grant to cover priority social and humanitarian expenditures of the state budget. This decision is an important part of the European Union’s support to stabilise Ukraine’s economy in the face of the ongoing war and to facilitate its post-war recovery.
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In total, the Ukraine Facility programme approved by the EU provides up to EUR 50 billion in assistance to Ukraine in the period 2024-2027. It includes a wide range of measures, from financial support to promoting the implementation of reforms necessary for the country’s European integration.
This decision also underlines the confidence of European partners in Ukraine and their willingness to continue active cooperation in the face of the challenges caused by the war.
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