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EU Cuts Next Ukraine Facility Aid Tranche over Delayed Reforms
- The European Commission spokesperson Guillaume Mercier announced that the next financial assistance tranche to Ukraine will be reduced to 3.05 billion euros due to incomplete reforms.
- Ukraine submitted a request for the fourth payment, claiming it completed 13 out of 16 necessary reforms.
- The unfulfilled reforms include decentralization and judicial appointments.
- Pending reforms could allow for future payments if completed within 12 months, according to the EU's partial payment policy.
12 Articles
12 Articles
The European Union will reduce financial assistance to Ukraine under the Ukraine Facility mechanism because Kiev has failed to implement three of the 16 promised reforms. This is reported by the Unian agency, according to which Ukraine will receive "only" 3.05 billion euros (less than 75 billion crowns) as a result, while it could have received 4.5 billion euros.
Ukraine Facility tranche will be cut as Kyiv implements 13 reforms out of 16 – EC spokesperson
The next, fourth in 2025 tranche of financial assistance to Ukraine under the Ukraine Facility mechanism, which the Ukrainian authorities requested back in June, will be provided in a smaller amount - EUR3.05 billion instead of EUR4.5 billion, since Ukraine has not implemented 3 out of 16 reforms promised to the European Union, said European Commission spokesperson Guillaume Mercier.
Ukraine expects €12.5 billion in EU support amid reports of tranche cutsThe Ministry of Economy of Ukraine claims to be fulfilling its obligations to the EU, expecting €12.5 billion in support for 2025. This comes amid a reduction in the next tranche of aid due to delayed reforms, although Ukraine claims that 13 of the 16 necessary reforms have been implemented.
The European Union will reduce financial assistance to Ukraine under the Ukraine Facility mechanism because Kiev has failed to implement three of the 16 promised reforms, the UNIAN agency reported. Ukraine will receive 3.05 billion euros instead of the 4.5 billion it would have received if it had kept its promise.
Kiev himself approached Brussels about the partial payment of the UK tranche in June, but that money would be available within a year.
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