Brussels (Brussels Morning Newspaper) – European Commission disbursed €4.1 billion for Ukraine under the Ukraine Facility, recognizing the country’s progress on reforms in areas like corruption, business, labour, and energy.
On 18 Dec 2024, the European Commission provided around €4.1 billion to Ukraine under the first Pillar of the Ukraine Facility. Following the review of the second payment request submitted by Ukraine in October, the EU Commission has found that Ukraine has satisfactorily met the nine approved reform indicators for this payment.
The EU Council also approved the Commission’s assessment that Ukraine has adequately fulfilled the nine reform indicators connected to the second regular quarterly payment. These reforms surround areas such as the fight against corruption, business environment, labour market, regional policy, energy market, and environmental protection.
For the duration 2024-2027, up to €50 billion in assistance and loans will be delivered under the European Union’s Ukraine Facility to back the country’s struggles to maintain macro-financial stability, boost short-term recovery as well as overhaul and modernise whilst executing key structural reforms to progress on its European Union accession course. Financing to back the Ukraine Plan is subject to the completion of pre-agreed quarterly reform and asset indicators approved by the EU Council.
In her remarks, European Commission President Ursula von der Leyen stated:
“Positive review by the EU Commission of Ukraine’s €4.1 billion payment request is additional evidence both of Europe’s steadfast dedication to Ukraine and of the country’s remarkable improvement in driving forward significant reforms to move on its EU path while battling an atrocious war.”
