Due to the beginning of Russia’s entire raid in February 2022, the EU and its member states mobilized 168.9 billion euros with the help of Ukraine.
Ukraine received a tranche of 4.05 billion euros from the European Union on Independence Day. It was reported by the European Commission on Friday, August 22.
It is indicated that outside this amount 1 billion euros is provided as part of the ERA program (extraordinary income acceleration for Ukraine), funded from frozen Russian ownership, and 3.05 billion euros -the fourth payment as part of the Ukraine facility mechanism.
“At a time when Ukraine celebrates the 34th anniversary of independence, the EU sends a clear signal: our unity to Ukraine is immovable. Today’s provision of our promise not only to restore Ukraine, but in the future and democratic state. The European Commission Ursula von de Layen.
It is indicated that from the beginning of the beginning of the entire Russian invasion of February 2022 the EU and its member states mobilized 168.9 billion euros for human, financial and military assistance in Ukraine and people.
As you know, Ukraine should receive 4.5 billion euros from the EU in the framework of the Ukraine facility, but the tranche has been reduced, as Kyiv has not fulfilled the reforms required for it.
After that, the Ministers cabinet said they would fulfill all reforms to receive full EU financing.
Remember, on February 1, 2024, EU leaders joined the Brussels summit in the Ukrainian support program for 50 billion euros called Ukrain facility. It is designed for the period of 2024-2027. It is assumed that receiving financing at the Ukraine facility depends on Kyiv’s implementation of 100 quarterly indicators.
The previous tranche under the Ukraine facility program entered Ukraine in April of this year. It costs 3.5 billion euros. The following branches in the framework of this program will receive a quarterly subject to the implementation of the indicators referred to in the Ukraine plan.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.