The European Commission allocated nearly 2.8 billion euros to Ukraine yesterday to support its funding needs and maintain public administration, while the country continues to defend itself against Russia’s aggression.
This is the seventh disbursement under the Ukraine Facility, the EU’s key instrument to support Ukraine’s recovery, its reform program, and its progress towards EU membership. With this latest payment, the total EU aid provided under the Ukraine Plan reaches 29.5 billion euros, which accounts for nearly 77% of the funding available under the first pillar of the Mechanism, which provides direct budget support to the State.
The disbursement comes after Ukraine’s successful implementation of reforms in several strategic sectors, such as public finance management, the judiciary, financial markets, human capital, the business environment, energy, agriculture, essential raw materials, digitalization, and ecological transition.
Marta Kos, Commissioner for Enlargement, stated that “the speed and commitment of Ukraine to carry out significant reforms have warranted this payment, and we are now also paving the way to continue advancing in the accession negotiations.”
Ukraine submitted a partial payment request on April 14. On May 28, the EU Council member states endorsed the Commission’s assessment that Ukraine had successfully completed eleven reforms linked to this payment, along with three pending reforms from the fifth and sixth payments, as well as four advanced reforms for future tranches.
