EU Commits €3 Billion Boost to Support Ukraine’s Resilience
Фото: REUTERS
The Council of the European Union has approved the disbursement of an additional €3 billion tranche to Ukraine under the Ukraine Facility.
This was announced by Prime Minister of Ukraine Yulia Svyrydenko.
She noted that the EU Council’s decision to provide Ukraine with €3.056 billion under the Ukraine Facility sends a powerful signal of confidence in the reform process and Ukraine’s ability to maintain stability during wartime.
“We are grateful to the Danish presidency for its clear support. Each such decision brings us closer to a strong Ukraine within a united Europe,” Svyrydenko wrote.
It is worth noting that the Ukraine Facility program from the European Union foresees providing €50 billion to Ukraine by 2027, with €39 billion allocated to the state budget to strengthen financial stability.
It is worth noting that the new tranche of financial assistance under the Ukraine Facility program is being allocated in a smaller amount than planned due to the failure to implement 3 of the 16 reforms promised by the EU. Initially, it was planned to allocate 1.5 billion euros more.
As reported, the IMF recommended that Ukraine increase taxes from 2026 to increase budget revenues.
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