Ukraine today, December 20, received 150 million euros of financial assistance from the European Union on a non-refundable basis.
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The funds raised are part of the agreement between Ukraine and the EU on financing the program “Support for the rapid recovery of Ukraine (Contract for State Development and Strengthening Resilience),” the press service of the Ministry of Finance of Ukraine reports.
Grant funding will help ensure priority measures for the restoration of critical facilities damaged as a result of Russia’s armed aggression, in particular transport infrastructure, public utilities and services, social infrastructure and residential premises, emphasized Minister of Finance of Ukraine Sergei Marchenko.
In addition, a second tranche of 100 million euros is expected in the first quarter of 2024. The funds will be used both to finance recovery measures and to support small farmers and other representatives of agriculture.
Source: Racurs
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