The EU approved the financial aid package for Ukraine in February, allocating two-thirds of the amount in loans and one-third in grants. Ukraine has agreed to implement various reforms as part of the conditions for receiving the funds.
The EU is set to approve Ukraine's reform plan in May, unlocking an additional 1.9 billion euros ($2.04 billion) in financial aid during late spring.
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.
There’s so much news and noise on the issue of using frozen Russian assets for Ukraine, so I thought it useful to put out a quick Q&A on the issue. How much money are we talking about? There are around $320 billion in Russian central bank assets currently
Belgian Ministers Council approved the 25th assistance package for Ukraine, including 100 million euros ($107 million) for F-16 service through the international "fighter jet coalition," Belgian Defense Minister Ludivine Dedonder announced on March 29.
Ukraine will receive more than $9 billion in financial aid in March, Prime Minister Denys Shmyhal said.
Canada provided Ukraine with 2 billion Canadian dollars ($1.5 billion), which will be used to finance the budget deficit, including social assistance, Prime Minister Denys Shmyhal wrote on March 21 on X.
European Commission President Ursula von der Leyen urged members of the European Parliament "to start a conversation about using the windfall profits of frozen Russian assets to jointly purchase military equipment for Ukraine."
"I think the consequence of inaction every day in Ukraine is dire. I’ve been speaking to some of our G7 partners, and they’re very concerned," U.S. President Joe Biden said.
The European Parliament voted to approve the 50 billion euro ($54 billion) funding package for Ukraine, known as the Ukraine Facility, as part of the EU budget on Feb. 27.
The European Parliament finally approved an 18 billion euro macro-financial aid package to Ukraine on Dec. 14, after striking a deal with Hungary to drop its veto. The parliament employed a so-called "urgent procedure" to allow 26 member states to act as the loan guarantors for Ukraine, relieving Hungary from
(Updated: )
