Ukraine receives €150 million in EU grants
www.pravda.com.ua
Wed, 25 Dec 2024 13:47:46 +0200
The European Union has transferred the second tranche of grant aid of 150 million to Ukraines budget for rapid reconstruction.
Source Ministry of Finance of Ukraine on Wednesday, 25 December, as reported by European Pravda Details The funds will be used to provide free meals for primary school children 65 million, restore port infrastructure 50 million, support agriculture 20 million and restore critical infrastructure 15 million.
The funds are the second tranche under the agreement between Ukraine and the EU to finance the Support for Ukraines Early Recovery programme, which has a total budget of 300 million.
Background Ukraine received the first tranche of 150 million in December 2023.
The European Union plans to provide Ukraine with over 30 billion in support in 2025, which will almost completely cover the Ukrainian budgets financial deficit.
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