The European Commission supported the allocation of almost 4.2 billion euros to Ukraine.
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This significant assistance will strengthen the macro-financial stability of the state. After receiving these funds, the total amount of EU funding within the Ukraine Facility will amount to 12 billion euros. This was reported by the Prime Minister of Ukraine Denys Shmyhal on Telegram.
We are grateful to the European Commission for its positive assessment of Ukraine’s progress and to President Ursula von der Leyen for her continued support. Together we are implementing structural reforms and working towards our common future, he noted.
The European Commission website states that following the assessment of the payment request submitted by Ukraine on July 9, Brussels decided that Kyiv had satisfactorily fulfilled nine reform indicators. These include, in particular, the reform of the Bureau of Economic Security, the approval of the Integrated National Energy and Climate Plan, and the entry into force of the law on corporate governance for state-owned companies.
The European Commission’s decision, which is important for Ukraine, has yet to be adopted by the Council of the European Union.
Let us recall that Ukraine has already received three tranches within the Ukraine Facility. In March, the European Union transferred 4.5 billion euros, in April – 1.5 billion euros, and in June – 1.9 billion euros.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.