European Commission Approves First €4.2 Billion Budget Aid Tranche for Ukraine

Jul 17, 2024, 04:53 PM

The European Commission has approved the disbursement of the first tranche of budget assistance amounting to €4.2 billion for Ukraine. European Commission President Ursula von der Leyen announced the decision, which follows the Commission's assessment that Ukraine has satisfactorily met nine reform indicators. Once approved by the EU Council, the total amount of funding under the fund for Ukraine will reach €12 billion.