The EU Council approved Ukraine’s allocation of 3.5 billion euros

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Ukraine will receive another EU financial assistance tranche of 3.5 billion euros. The corresponding decision was made by the EU Council within the framework of Ukraine Facility.

Source: “European Truth” with reference to an EU Council Message

Details: With this third payment, Ukraine will receive about 20 billion euros within the framework of the program since it came into force a year ago.

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“Today, the Council has come to the conclusion that Ukraine has fulfilled the necessary conditions set out in the Ukrainian plan to receive the third payment within the program,” – the message reads.

As it is noted, Ukraine has successfully demonstrated that it has taken 13 different steps. Among them, in particular, reforms aimed at increasing the use of renewable energy sources; increase of autonomy of energy regulator; simplification of border crossing procedures in accordance with EU standards; adoption of the agricultural and agricultural development strategy (including the disposal of anti -personnel mines in agricultural territories); Continuation of work on compiling a list of strategic and critically important types of raw materials.

Recall:

• Earlier, Viceremierka Yulia Sviridenko reported that Ukraine expects to receive 12.5 billion euros from the EU in 2025 as part of Ukraine Facility.
• The Head of the European Commission Ursula von der Lien during a visit to Kiev on February 24 announced that in March Ukraine will receive a new payment from the EU in the amount of 3.5 billion euros.
• Ukraine Facility Program, which came into force on March 1, 2024, provides up to 50 billion euros of stable financing in the form of grants and loans to support the restoration, reconstruction and modernization of Ukraine for the period from 2024 to 2027.

In detail about the support program – in Ukraine Facility: what and on what conditions it will be spent 50 billion euros from the EU.