On March 18, Ukraine adopted a plan for a series of structural reforms under the 'Ukraine Facility,' enabling the European Union to provide up to €50 billion in aid over the next four years, as announced by Prime Minister Denys Shmyhal. The first tranche of this aid, amounting to €4.5 billion, was transferred to Ukraine on March 20 to support the country's priority social and humanitarian expenditures. This financial assistance, confirmed by European Commission President Ursula von der Leyen and the head of the EU's foreign policy department, Josep Borrell, is part of the EU's commitment to support Ukraine during its transitional period.
The State Budget of Ukraine received the first tranche as part of transitional financing in the amount of €4.5 billion from the European Union Ukraine Facility. The funds will help to finance the priority social and humanitarian expenditures. https://t.co/iWFajbskAh
⚡️The European Commission handed Ukraine 4.5 billion euros ($4.8 billion) in its first tranche of macro-financial assistance on March 20. https://t.co/ohUbDlmt0R
⚡️ European Commission transfers €4.5 billion in aid to Ukraine out of €50 billion This was announced by European Commission President Ursula von der Leyen. https://t.co/jGco1bK4Cm
🇪🇺#Ukraine has received the first installment of financial aid worth €4.5 billion from the European Commission as part of a larger package totaling €50 billion, the head of the European Union's foreign policy department, Josep #Borrell, said.
The EU transferred the first tranche of 1.5 billion euros to Ukraine under a program of 50 billion euros until 2027 - Borrell https://t.co/glswq5plIG
⚡Kyiv adopts plan for ‘Ukraine Facility,’ structural reforms to be implemented. Ukraine has adopted a plan for a series of reforms that will allow the EU to provide up to €50 billion over the next four years, Prime Minister Denys Shmyhal said on March 18.