Ukrainian government adopts €50 Billion Ukraine Facility plan from EU

Ukrainian Cabinet of Ministers has approved a plan for the Ukraine Facility program, which provides financial support to Ukraine from the European Union totaling €50 billion

Ukrainian Prime Minister Denys Shmyhal announced this.

The plan includes structural reforms aligned with over 100 quarterly indicators. It serves as the foundation for the European Union's financial support to Ukraine for the years 2024-2027 totaling €50 billion under the Ukraine Facility program.

"These are European approaches to public administration reform, the fight against corruption, and economic and sectoral reforms in various areas, from energy to agriculture. In addition, the document outlines cross-cutting areas such as green transition, digitalization, and European integration," Shmyhal said.

The Prime Minister added that the plan was developed together with European partners to bring Ukraine's membership in the EU closer. According to Shmyhal, the document will be submitted to the European Commission for consideration "in the near future."

"Thanks to the implementation of the reforms of the Ukraine Facility plan, Ukraine will be able to receive about €16 billion this year," the Prime Minister added.