The Kyiv Independent launches travel show
Skip to content
Edit post

Ukraine receives 1.5 billion euros from EU in second tranche of financial aid

by Chris York April 24, 2024 2:02 PM 2 min read
European Commission President Ursula von der Leyen delivers an address to the European Parliament in Strasbourg, France, on Sept. 13, 2023. Photo for illustrative purposes. (Stefan Wermuth/Bloomberg via Getty Images)
This audio is created with AI assistance

A second tranche of EU macro-financial assistance totaling 1.5 billion euros ($1.6 billion) has been given to Ukraine, European Commission President Ursula von der Leyen said on April 24.

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.

"Ukraine is carrying a heavy burden on its shoulders for all of us. Today, we disburse an additional (1.5 billion euros), under the (50 billion euros) Ukraine Facility," von der Leyen said in a post on X.

"This is vital to keep Ukraine's state & services running while it fights back the aggressor. Europe remains united and resolute," she added.

Ukraine Business Roundup — Business & War
The following is the April 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed c…

Von der Leyen's claim that Europe is "united" is slightly undermined by vocal yet so far ineffective opposition to the aid from Hungary, which has accused Ukraine of carrying out a "witch hunt" against Hungarian businesses operating in the country.

Hungarian Foreign Minister Peter Szijjarto on April 22 said in response his country would black the latest tranche, despite the four-year Ukraine Facility agreed on by all 27 EU leaders – including Hungarian Prime Minister Viktor Orban – in February.

What mechanism Hungary could use to block tranches of aid is unclear, as Orban's request to review it on an annual basis was rejected at the time.

Szijjarto's latest complaint against Ukraine was in relation to allegations that the country was planning to revoke several of the distribution permits for medicine from the Hungarian pharmaceutical company Richter.

Budapest has repeatedly blocked financial and military aid to Ukraine and is broadly seen as the most Kremlin-proximate EU country.

News Feed

10:06 PM

Bulgaria to ask EU to suspend egg imports from Ukraine.

"When the import of a certain type of product or commodity — vegetables, meat, eggs — reaches certain limits that the European Commission has outlined in advance, then we can activate the mechanism of banning their import. We are currently doing this in terms of eggs," Bulgarian Agriculture Minister Georgi Takhov said.
9:01 PM

Zelensky to meet Biden, Harris in White House on Sept. 26.

"The leaders will discuss the state of the war between Russia and Ukraine, including Ukraine’s strategic planning and U.S. support for Ukraine in its defense against Russian aggression," White House spokesperson Karine Jean-Pierre said in a statement.
5:00 PM

Polish FM reportedly suggests UN mandate and referendum in Crimea.

"We could put it under a U.N. mandate with a mission to prepare a fair referendum after checking who the legal residents are and so on... And we could postpone it for 20 years," Polish Foreign Minister Radoslaw Sikorski suggested as one possible option, according to Interfax-Ukraine.
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.