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EU-Ukraine to host Defense Industries Forum in Brussels
The European Union will host an EU-Ukraine Defense Industries Forum on May 6 to boost cooperation with Ukraine's defense industry, the EU announced on May 2.
The European Union will host an EU-Ukraine Defense Industries Forum on May 6 to boost cooperation with Ukraine's defense industry, the EU announced on May 2.
Prime Minister Denys Shmyhal announced during a government meeting that Ukraine has received approximately $12 billion in external financing since the beginning of the year to help address the budget deficit.
The EU approved the four-year Ukraine Facility in February, allocating 33 billion euros ($35 billion) in loans and 17 billion euros ($18 billion) in grants.
The first tranche of 4.5 billion euros ($4.8 billion) was given to Ukraine on March 20.
EU finance ministers will discuss this week a plan and an investment agenda submitted by Kyiv as it seeks to secure 50 billion euros (around $53.7 billion) from the European Union's four-year Ukraine Facility, Reuters reported on April 10, citing sources in the German Finance Ministry.
The European Union plans to provide lethal military aid to Moldova, EU Ambassador to Moldova Janis Mazeiks told reporters in Chisinau on April 10.
Ukraine is addressing demands from Hungary to deal with the unresolved issues of Ukraine's national minorities in order to unblock the eighth tranche of the 500 million euros to the European Peace Facility, Ukraine's Foreign Minister Dmytro Kuleba said on April 4.
"This is an important step for the implementation of reforms and financial stability on Ukraine's path to the EU," Prime Minister Denys Shmyhal said on X.
"Today we also made the first payment of 4.5 billion euros under the Ukraine Facility, our 50 billion euro ($54 billion) package to support the recovery, reconstruction and modernization of Ukraine," said Josep Borrell, the EU's top diplomat.
The remaining 10% would be allocated to the EU's budget to boost Ukraine's defense industry, Josep Borrell told reporters in Brussels. The official said he would submit the proposal to member states on March 20.
Key developments on March 17-18: * EU gives final approval to $5.5 billion for military aid to Ukraine * Deputy minister: Russia fires 7 times more shells than Ukraine * US Senator Graham in Kyiv: 'If you want aid to Ukraine, you'd better start talking to American taxpayers' * Ukrainian government allocating $128
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.
Ukraine will receive 4.5 billion euros ($4.9 billion) from the European Union through its four-year Ukraine Facility program next week, Johannes Hahn, European Commissioner for Budget and Administration, announced on March 15.
EU ambassadors have agreed in principle on 5 billion euros ($5.5 billion) in defense assistance for Ukraine in 2024 within the framework of the European Peace Facility (EPF), the Belgian Presidency of the EU Council said on March 13.
Based on the newly signed agreement, Ukraine's state budget should receive 4.5 billion euros ($4.9 billion) in transitional financing in March and the remaining 1.5 billion euros ($1.6 billion) in April "after the European Commission evaluates the completed indicators."
EU countries are close to a deal to add 5 billion euros ($5.5 billion) to a fund used to provide military assistance to Ukraine, the Financial Times reported on March 12, citing four unnamed officials briefed on the discussions.