EU provides €4.2 bln tranche through Ukraine Facility Program
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Ukraine received a tranche of 4.2 billion euros from the European Union within the framework of the Ukraine Facility program for a total amount of 50 billion euros.
Prime Minister Denys Shmyhal announced this.
As the head of the government noted, these funds will be directed to:
- social programs,
- humanitarian sphere,
- other important budget programs.
"We continue to finance military expenditures exclusively from our own resources," he wrote.
Shmyhal also noted that the European Union has provided Ukraine with more than 12 billion euros in budget support since the beginning of the year. The Prime Minister emphasized that the government continues to implement reforms that are important for Ukraine's stability, development, and future.
"European partners support these efforts. By the end of the year, we expect to receive another tranche of aid. We thank the EU for its solidarity with Ukraine in our struggle for freedom and independence," he added.
For reference:
Reports state that at the European Council meeting, all 27 leaders of the European Union reached a unanimous decision to allocate a €50 billion Ukrainian Fund in the EU budget for 2024–2027. This decision had been previously blocked by Hungary.
In his turn, Zelensky, during a video address to the participants of the special EU summit in Brussels, said that the unanimous approval by the European Council of the €50 billion Ukrainian fund is a clear signal that Ukraine and Europe will endure because trust in Europe was at stake.
In February 2024, the European Parliament approved the regulations of the Ukraine Facility program. In accordance with the approved regulations, the 50 billion euro EU support program for Ukraine will operate from 2024 to 2027.
In April, the European Commission supported the Ukraine Plan reform plan proposed by the Ukrainian government within the framework of the Ukraine Facility mechanism, which determines the conditions for receiving 50 billion euros of macro-financial assistance during 2024-2027.
On July 17, the European Commission approved providing Ukraine with a tranche of 4.2 billion euros within the Ukraine Facility. After this decision of the Council of the EU, Ukraine's total financing within the program's framework will reach 12 billion euros.
