Skip to content
Edit post

EU Commission approves nearly $4.6 billion in financial support to Ukraine

by Sonya Bandouil July 18, 2024 6:02 AM 1 min read
The flag of the European Union flies in the wind in front of the European Parliament building in Strasbourg, France on May 29, 2024. (Philipp von Ditfurth/picture alliance via Getty Images)
This audio is created with AI assistance

The European Commission approved the first regular payment of about 4.2 billion euros ($4.59 billion) under the Ukraine Facility on July 18, aiming to support Ukraine's macro-financial stability and public administration functions.

After assessing Ukraine's payment request from July 9, 2024, the Commission confirmed that Kyiv met nine reform indicators.

These reforms include public financial management, governance of state-owned enterprises, business environment, energy, and mine clearance.

The decision, pending EU Council approval, will bring the total EU funding for Ukraine to 12 billion euros ($13.1 billion) since the program began in March.

The EU Council on Feb. 28 approved 50 billion euros ($54 billion) in loans and grants for Kyiv, giving the final go-ahead for the four-year Ukraine Facility tool.

The package provides funding to Ukraine from 2024 to 2027, with 33 billion euros ($35.8 billion) available in loans and 17 billion euros ($18.5 billion) in grants.

Ukraine’s sanctions on Russia’s Lukoil halting oil deliveries to Hungary, Budapest says
Ukraine’s hardened sanctions against Lukoil, Russia’s second-largest oil producer, has stopped the company’s deliveries to Hungary, Hungarian Foreign Minister Peter Szijjarto claimed on July 16.

News Feed

3:10 PM

Trump meets Zelensky at NATO summit | Ukraine This Week.

In the latest episode of Ukraine This Week, the Kyiv Independent’s Anna Belokur explains key takeaways from this week’s NATO summit, where Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump held their third in-person meeting since Trump’s return to office.
8:02 PM  (Updated: )

Ukrainian drones strike missile, drone arsenal in Russia's Bryansk Oblast.

Ukraine's military intelligence (HUR) struck on June 28 the 1060th Material-Technical Support Center in the city of Bryansk, Ukraine's General Staff said. The facilities store a Russian missile and drone arsenal, Ukrainska Pravda reported, citing a source in HUR.
11:06 AM  (Updated: )

Poland's Duda arrives in Kyiv to meet with Zelensky.

"Andrzej has been with Ukraine since the first days of the war, always side by side, a reliable ally and a true friend. This is undoubtedly the level of relations we want to preserve and strengthen with Poland," President Volodymyr Zelensky said.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.