“ The Council of the EU decided to provide Ukraine with EUR 1.8 billion as part of the Ukraine Facility program. Source: “European Truth” with reference to the message of the Council of the EU Details: It is noted that Ukraine has successfully completed the nine steps necessary to receive the fifth tranche of aid. The financing is designed to strengthen Ukraine’s macro-financial stability and support the smooth functioning of its state administration. Payments under the Ukraine Facility are closely related to the “Ukraine Plan”, which outlines Ukraine’s recovery, reconstruction and modernization strategy, as well as the schedule for the implementation of reforms aligned with the country’s goals of joining the EU in the coming years. Background: Since the entry into force of the Ukraine Facility program, Ukraine has already received EUR 6 billion in interim financing, EUR 1.89 billion in pre-financing and four tranches amounting to approximately EUR 4.2, 4.1, 3.5 and 3.2 billion, respectively. Within the framework of the fifth tranche of European aid to Ukraine under this program, two reforms remain unfulfilled, due to which Kyiv will not receive this tranche in full (1.35 billion euros instead of the expected almost 2 billion euros). At the same time, together with the fifth tranche, the EU will also pay Ukraine almost 600 million euros for the reform that Ukraine had to carry out earlier. The draft decision stated that the Council of the EU states “satisfactory fulfillment (by Ukraine) of the conditions for partial payment of the fourth and fifth tranches in the amount of 1,949,400,399 euros, of which 597,494,240 euros corresponds to the fourth tranche and 1,351,906,159 euros corresponds to the fifth tranche.” However, in its final decision, the EU Council does not provide details that would explain the difference in amounts. Also, the specific amount of funds that Ukraine will receive as part of this payment is not specified. In turn, the government was previously assured that they would be able to receive all the money from the EU for reforms within the framework of the Ukraine Facility. For details on how the Ukraine facility works, read the article “The price of undone reforms””, — write: www.pravda.com.ua
Illustrative photo from pixabay.com Source: “European Truth” with reference to the message of the Council of the EU
Details: It is noted that Ukraine has successfully completed the nine steps necessary to receive the fifth tranche of aid.
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The financing is designed to strengthen Ukraine’s macro-financial stability and support the smooth functioning of its state administration.
Payments under the Ukraine Facility are closely related to the “Ukraine Plan”, which outlines Ukraine’s recovery, reconstruction and modernization strategy, as well as the schedule for the implementation of reforms aligned with the country’s goals of joining the EU in the coming years.
Prehistory:
- Since the entry into force of the Ukraine Facility program, Ukraine has already received EUR 6 billion in interim financing, EUR 1.89 billion in pre-financing and four tranches amounting to approximately EUR 4.2, 4.1, 3.5, and 3.2 billion, respectively.
- Within the framework of the fifth tranche of European aid to Ukraine under this program, two reforms remain unfulfilled, due to which Kyiv will not receive this tranche in full (1.35 billion euros instead of the expected almost 2 billion euros).
- At the same time, together with the fifth tranche, the EU will also pay Ukraine almost 600 million euros for the reform that Ukraine had to carry out earlier.
- The draft decision stated that the Council of the EU states “satisfactory fulfillment (by Ukraine) of the conditions for partial payment of the fourth and fifth tranches in the amount of 1,949,400,399 euros, of which 597,494,240 euros corresponds to the fourth tranche and 1,351,906,159 euros corresponds to the fifth tranche.”
- However, in its final decision, the EU Council does not provide details that would explain the difference in amounts. Also, the specific amount of funds that Ukraine will receive as part of this payment is not specified.
- In turn, the government was previously assured that they would be able to receive all the money from the EU for reforms within the framework of the Ukraine Facility.
For details on how the Ukraine facility works, read the article “The price of undone reforms”