STORY
The Council of the European Union has approved a further payment of nearly €2.8 billion to Ukraine under the EU’s Ukraine Facility. The money will be released after the Council concluded that Ukraine had completed a series of required reform and investment steps linked to the seventh instalment of support.
The Council said Ukraine had completed eleven of the twenty steps required for the seventh payment, as well as several outstanding steps linked to earlier instalments. It also said Kyiv had completed some measures earlier than required under the Ukraine Plan, allowing it to receive compensation under a new methodology adopted by the Commission.
The Ukraine Facility provides more than €50 billion in stable financing for recovery, reconstruction and modernisation between 2024 and 2027. Payments are tied to reforms in areas including public financial management, the judiciary, anti-corruption work, financial markets, public assets, energy, transport, the green transition and digital transformation.