The EU is allocating nearly €2.8 billion to support financial stability and reform initiatives in Ukraine

The European Commission has allocated nearly €2.8 billion to Ukraine to support its financing needs and maintain public administration, as the country continues to defend itself against Russia’s war of aggression.

This is the seventh disbursement under the Ukraine Facility, the EU’s key instrument for supporting Ukraine’s recovery, its reform programme and its progress towards EU membership. With this latest payment, total EU aid provided under the Plan for Ukraine reaches €29.5 billion, equivalent to almost 77% of the funding available under the first pillar of the Mechanism, which provides direct support to the state budget.

The disbursement follows Ukraine’s successful implementation of reforms in several strategic sectors, including public finance management, the judiciary, financial markets, human capital, the business environment, energy, agriculture, critical raw materials, digitalisation and the green transition.

Marta Kos, Commissioner for Enlargement, said: “Ukraine’s speed and commitment to delivering meaningful reforms have earned this payment, and we are now also paving the way for further progress in the accession negotiations.”

Ukraine submitted a request for a partial payment on 14 April. On 28 May, the Member States of the Council of the EU endorsed the Commission’s assessment that Ukraine had successfully implemented eleven reforms linked to this payment, along with three reforms pending from the fifth and sixth payments, as well as four reforms brought forward from future instalments.

More information: European Commission.