European Commission transfers €4.2 billion in aid to Ukraine
The European Commission has transferred the next package of aid to Kiev from the fund for Ukraine. The European Commission (EC) said in the released statement.
«Today, the Commission has disbursed nearly €4.2 billion to Ukraine under the first Pillar of the Ukraine Facility. This brings to €12 billion the total EU funding disbursed to the Ukrainian government under the Facility so far,» the statement says.
For the period 2024-2027, up to €50 billion in grants and loans will be provided under the EU’s Ukraine Facility to support the country’s efforts to sustain macro-financial stability, promote short-term recovery as well as rebuild and modernize whilst implementing key reforms for its EU accession path.
As noted, financing to support the Ukraine Plan is subject to the fulfilment of pre-agreed quarterly reform and investment indicators endorsed by the Council.
