US EditionEU approves 1.8 billion euros for Ukraine under long-term funding plan
The EU's Ukraine Facility program allocates 50 billion euros for recovery; Ukraine received 22.89 billion euros before this 1.8 billion euro tranche, officials said.
- On Nov. 4, the Council of the EU approved a fifth tranche of 1.8 billion euros for Ukraine following the fifth meeting of the Steering Committee of the Ukraine Investment Framework.
- Program design links disbursements to reforms, and the Ukraine Facility allocates 50 billion euros for recovery from 2024 to 2027; the fourth tranche was cut from 4.5 billion euros to 3.2 billion euros after Ukraine missed three reforms.
- EU assessors found nine of ten actions completed, so the fifth payment includes a reform for ARMA and will fund reconstruction of hospitals heavily damaged by the war across all project phases.
- The EU said the funding will bolster macro‑financial stability, and complementary measures include a $53 million EU guarantee for the HEAL Ukraine project and Germany’s $70 million pledge for energy security.
- High-Profile appearances have underscored EU support, as a May 9, 2024 Kyiv press conference with European Parliament President Roberta Metsola and Ukraine's President Volodymyr Zelensky highlighted ongoing aid and EU communications and frontline reporting countered Russian disinformation.
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This payment will be the fifth regular allocation of support under the EU Fund for Ukraine.
EU Council approves €1.8 billion fifth Ukraine Facility tranche to bolster macro-financial stability
The EU Council has approved a fifth payment to Ukraine worth more than €1.8 billion under the Ukraine Facility, the Council said Tuesday. The sum reflects Ukraine’s successful completion of nine steps required for the fifth tranche, as well as one outstanding step from the fourth tranche, according to the statement. The funding is aimed primarily at strengthening macro-financial stability and supporting the functioning of state institutions. The…
On 4 November the EU Council adopted the fifth financing transaction within the framework of the Ukraine Facility of EUR 1.8 billion ($2.1 billion).
The Council of the European Union has decided to provide Ukraine with EUR 1.8 billion under the Ukraine Facility program.
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