Ambassadors of the EU member states support the 50 billion euros reconstruction plan for Ukraine
On May 8, ambassadors of the European Union member states supported the Ukraine Facility Plan, agreeing with the positive assessment of the document proposed by the European Commission. Now, an implementing decision to approve the Plan is to be adopted at the EU Council meeting on May 14.
In the near future, the relevant documents between Ukraine and the EU are also expected to be signed to fully launch the program.
“We have fulfilled 12 indicators out of 36 envisaged in 2024. The fulfillment of five indicators of the first quarter allowed us to receive EUR 6 billion of financial support in March and April. And our early work on the implementation of the Plan will allow us to attract another EUR 10 billion of support this year,” said Minister of Economy Yulia Svyrydenko.
Thus, according to preliminary calculations, Ukraine is to receive EUR 16 billion in 2024, EUR 12.5 billion in 2025, EUR 7.25 billion in 2026, EUR 1.2 billion in 2027, and EUR 1.32 billion in January 2028 for meeting the indicators of Q4 2027.
As a reminder, in February 2024, the European Parliament approved the regulations of the Ukraine Facility program. According to the approved regulations, the EU’s €50 billion support program for Ukraine will run from 2024 to 2027.
The Ukraine Facility Plan identifies key reforms and areas for investment that can contribute to sustainable economic growth and attract financing to enhance the country’s growth potential in the medium and long term.
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