Ukraine to receive nearly €2 billion

This amount reflects Ukraine's successful completion of nine steps required to receive the fifth tranche, as well as one unfulfilled step from the fourth tranche, according to the EU Council.

The financing is primarily aimed at strengthening Ukraine's macro-financial stability and supporting the smooth functioning of its public administration.

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Payments under the Ukraine Facility are closely linked to the “Ukraine Plan,” which sets out a strategy for the recovery, reconstruction, and modernization of Ukraine, as well as a timetable for the implementation of reforms aligned with the country's EU accession goals in the coming years.

Since the Ukraine Facility came into force, Ukraine has already received €6 billion in bridge financing, €1.89 billion in pre-financing, and four tranches of approximately €4.2 billion, €4.1 billion, €3.5 billion, and €3.2 billion, respectively.

Photo: facebook.com.

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