Ukraine receives €3.5 billion from EU under Ukraine Facility

This was reported by Ukraine's Prime Minister Denys Shmyhal on his Telegram channel.

According to the head of the Ukrainian government, these funds will help Ukraine maintain macroeconomic stability.

"The European Commission has recognized our country's commitment to implementing reforms on the path to full EU membership," he emphasized.

Shmyhal added that, in total, financial aid to Ukraine under the Ukraine Facility program has reached €19.6 billion.

"Thank you for your continued support and solidarity with Ukraine in these difficult times. Together, we will stand strong and rebuild everything," the Prime Minister concluded.

About the Ukraine Facility

The Ukraine Facility is an instrument that provides Ukraine with financial and technical assistance from the EU for the years 2024-2027, totaling €50 billion. Of this, €38.27 billion will be allocated for budget support, €6.97 billion for an investment fund, and €4.76 billion for technical and administrative support.

The four-year support program for Ukraine was finally approved by the EU on February 28, 2024. Subsequently, on March 18, the government adopted a plan for the Ukraine Facility program. The European Commission called this a significant achievement.

The first macro-financial assistance tranche from the large support package was transferred to Ukraine on March 20, 2024. In July, Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, signed a financial agreement between Ukraine and the EU regulating the receipt of grant aid amounting to €5.27 billion.

On December 18, 2024, the European Union allocated the second regular payment under the Ukraine Facility program, amounting to €4.1 billion.