EU disburses nearly €2.8 billion to support Ukraine’s financial stability and reform efforts
The European Commission has released nearly €2.8 billion to Ukraine today to support its financing needs and maintain public administration, as it continues to defend itself against Russia’s war of aggression.
This is the seventh disbursement under the Ukraine Facility, the EU’s key instrument to support Ukraine’s recovery, reform agenda and progress towards EU membership. With this latest payment, total EU support provided under the Ukraine Plan reaches €29.5 billion, equivalent to almost 77% of the funding available under the Facility’s first pillar, which provides a direct support to the State budget
The disbursement follows Ukraine’s successful implementation of reforms across several strategic sectors, including public financial management, the judiciary, financial markets, human capital, business environment, energy, agriculture, critical raw materials, digitalisation, and green transition.
Commissioner for Enlargement Marta Kos said: “Ukraine’s speed and commitment to delivering meaningful reforms has merited this payment, and we are now also paving the way for further progress in the accession negotiations.”
Ukraine submitted a partial payment request on 14 April. On 28 May, Member States the Council of the EU endorsed the Commission’s assessment that Ukraine had successfully fulfilled eleven reforms linked to this payment, together with three outstanding reforms from the fifth and sixth payments, as well as four reforms brought forward from future instalments.