EU Council Approves €3.5 Billion for Kyiv under Ukraine Facility Programme
The Council of the European Union has approved the third disbursement of non-repayable grants and loans to Ukraine under the Ukraine Facility programme in the amount of about €3.5 billion. This was reported on the EU Council website.
With this third disbursement, the total amount of money received by Ukraine under the programme is about €20 billion.
‘The Council concluded today that Ukraine had satisfied the necessary conditions laid down in the Ukraine Plan in order to receive a third disbursement from the Ukraine Facility,’ the statement said.
According to reports, Ukraine has successfully demonstrated the implementation of 13 different measures.
These include reforms aimed at increasing the use of renewable energy sources, strengthening the independence of the energy regulator, simplifying border crossing procedures in line with EU standards, adopting a strategy for the development of agriculture and rural areas (including the demining of agricultural land), and continuing to work on defining a list of strategic and critical raw materials.
The Ukraine Facility programme, which entered into force on 1 March 2024, provides up to €50 billion in grants and loans to Ukraine to finance recovery, reconstruction and modernisation in the period from 2024 to 2027.
As The Gaze previously reported, Vice President of the European Commission and European Commissioner for Trade Valdis Dombrovskis said that in 2025 Ukraine would receive €35 billion in financial assistance from the European Union under the G7 ERA initiative and the Ukraine Facility programme.