Ukraine received 150 million euros from the EU. Where will the funds be directed
news.online.ua
Wed, 25 Dec 2024 19:12:00 +0200
What is known about the new tranche to Ukraine from the EUAs reported by the Ministry of Finance of Ukraine on December 25, the funds will be directed tofree meals for primary school students 65 million euros,restoration of port infrastructure 50 million euros,support for agriculture 20 million euros,restoration of critical infrastructure 15 million euros.This tranche is part of the agreement between Ukraine and the EU under the Support to the Rapid Recovery of Ukraine program, the total amount of which is 300 million euros.Ukraine received the first tranche of 150 million in December 2023.Ukraine received 4.1 billion euros under the Ukraine Facility programThis was announced by Prime Minister Denys Shmyhal.
This support demonstrates Ukraines significant progress in implementing key reforms envisaged in the Plan for Ukraine from the fight against corruption to the development of the energy sector and environmental protection, Shmyhal emphasized.
He added that consistent EU support under the Ukraine Facility program, which provides for 50 billion euros by 2027, strengthens Ukraines resilience and brings it closer to EU accession.The Ministry of Finance clarified that the funds received will be used to finance priority needs of the state budget, in particular in the social and humanitarian spheres.It should be noted that for 2025, within the framework of the program Ukraine Facility Another 12.5 billion in financial assistance is planned.
Since the beginning of the year, the EU has already provided Ukraine with over 12 billion in budget support.
By the end of the year, Ukraine plans to receive another 4.2 billion from the European Union under the Ukraine Facility.
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