Green light for another 4.2 billion euro in Ukraine

Ukraine will soon receive funds amounting to more than 4.2 billion. euros, after the EU Council gave the green light for the second tactic payment grants and loans under the EU facility for Ukraineto support the macroeconomic financial stability of the country and the operation of the public administration.

In a decision issued today (9.12.2024), the Council of the EU concluded that Ukraine has fulfilled the necessary conditions and reforms provided for in the plan for Ukraine to receive the funds, which will be disbursed by the relevant mechanism. The Council also stressed the importance of grant payment as soon as possible, given the difficult fiscal situation in Ukraine.

The plan for Ukraine sets out the country’s intentions for its recovery, reconstruction and modernization as well as the reforms it plans to carry out as part of its EU accession process over the next four years.

In May 2024, the Council concluded that the Ukraine plan qualifies for Ukraine to receive support of up to EUR 50 billion. euro under the Ukraine facility, and in August the first EU tranche was disbursed.