Ukraine received 1.5 billion euros as part of transitional financing of the Ukraine Facility, an EU aid program for a total of 50 billion euros. This is the second tranche of 16 billion euros that Ukraine should receive from the EU in 2024, reports Government Portal
"Transitional financing allows us to receive support even before the final launch of the Ukraine Facility", - noted First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yulia Svyridenko. "As part of the program, Ukraine already received 6 billion euros in March and April this year."
The European Commission positively assessed Ukraine's implementation of the indicators and confirmed the Ukraine Facility payment schedule for 2024-2028. In total, Ukraine should receive EUR 50 billion in aid over 4 years:
Direct budget support: EUR 38.27 billion (EUR 33 billion in loans, EUR 5.27 billion in grants)
Special investment instrument: EUR 6.97 billion
Technical support and loan interest coverage: 4.76 billion euros
Ukraine's receipt of EUR 1.5 billion as part of the transitional financing of the Ukraine Facility is evidence of the country's successful implementation of reforms and its desire for European integration. Financial support from the EU will help Ukraine overcome the consequences of the war and restore the economy.
Ukraine Facility payment schedule for 2024-2028 proposed by the European Commission:
Key figures of the Ukraine Facility Program: