EU Council approves €3.5bn tranche for Ukraine
www.pravda.com.ua
Mon, 17 Mar 2025 12:33:25 +0200
Ukraine will soon receive approximately 3.5 billion after the EU Council approved the third disbursement of nonrepayable grants and loans under the Ukraine Facility.
Source EU Council, as reported by European Pravda Details With this third payment, Ukraine will have received around 20 billion under the programme since it came into force a year ago.
Quote The Council concluded today that Ukraine had satisfied the necessary conditions laid down in the Ukraine Plan in order to receive a third disbursement from the Ukraine Facility.
More details As noted, Ukraine has successfully demonstrated compliance with 13 different conditions, including implementing reforms to increase the use of renewable energy sources, enhancing the autonomy of the energy regulator, simplifying border crossing procedures to align with EU standards, adopting a strategy for agricultural and rural development including the clearance of antipersonnel mines in agricultural areas and continuing work on compiling a list of strategic and critical raw materials.
Previously, Deputy Prime Minister Yuliia Svyrydenko stated that Ukraine expects to receive 12.5 billion from the EU in 2025 under the Ukraine Facility.
During her visit to Kyiv on 24 February, European Commission President Ursula von der Leyen announced that Ukraine would receive a new 3.5 billion payment in March from the EU.
Background The Ukraine Facility, which came into force on 1 March 2024, provides up to 50 billion in stable funding through grants and loans to support Ukraines recovery, reconstruction, and modernisation between 2024 and 2027.
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