Ukraine received EUR 4.2 billion from the EU under the Ukraine Facility
Допомога ЄС
13.08.2024
The State Budget of Ukraine has received EUR 4.2 billion from the European Union. The funds are part of the EU’s macro-financial assistance under the Ukraine Facility financial instrument, the Ministry of Finance of Ukraine has reported.
The tranche consists of concessional financing of €2.7 billion and a grant of €1.5 billion. The funding will be used to cover priority social and humanitarian expenditures of the state budget.
‘Since the beginning of the full-scale invasion, the total amount of direct budgetary support from the EU has reached €38 billion, the largest financial assistance among donors. The implementation of the Ukraine Facility provides for systematic and predictable financing based on the implementation of the indicators set out in the Ukraine Plan, which enables the Government of Ukraine to plan and manage public finances more confidently. We are grateful to our European partners for their extremely important role in ensuring the macro-financial stability of the country,’ said Minister of Finance Sergii Marchenko.
Thus, the total amount of financing attracted from the EU in 2024 is more than EUR 12 billion. Ukraine can receive the next tranche by the end of this year, provided that all indicators are met by the end of the third quarter.
