EU Approves €4.2 Billion Tranche for Ukraine Under Ukraine Facility

Dec 9, 2024, 12:52 PM

The European Union has approved a €4.2 billion tranche for Ukraine under the Ukraine Facility, marking the second regular payment of grants and loans aimed at supporting the country's economy. This financial assistance is part of a broader initiative by the EU to aid Ukraine, with the total assistance under this program reaching €16 billion this year. The payment is conditional upon Ukraine meeting certain reform indicators, as confirmed by First Deputy Prime Minister Yuliia Svyrydenko, who emphasized the country's commitment to implementing crucial reforms on its path to EU integration. This latest tranche comes amidst ongoing geopolitical tensions, with the EU's financial support intended to bolster Ukraine's resilience against external pressures.