Skip to content
Edit post

Ukraine to receive $1.6 billion from EU next week in second tranche of financial aid

by Chris York and The Kyiv Independent news desk April 17, 2024 10:26 PM 2 min read
The flag of Ukraine and the flag of the EU in Berlin, Germany on April 24, 2023. Photo for illustrative purposes. (Monika Skolimowska/picture alliance via Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

A second tranche of EU macro-financial assistance totaling 1.5 billion euros ($1.6 billion) will be given to Ukraine next week, a European Commission official said on April 17.

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.

Speaking at the U.S.-Ukraine Partnership Forum in Washington on April 17, Gert-Jan Koopman, the director general of the European Commission for Neighborhood Affairs and Enlargement Negotiations, confirmed the second tranche will arrive next week.

Elsewhere in Washington on April 17, Ukraine's Prime Minister Denys Shmyhal met with U.S. business leaders to discuss continued cooperation and the need for "more support and help to stop the enemy."

The meeting was overshadowed by a Russian missile strike in Chernihiv, which killed at least 17 people. Shymal said this highlighted how vital it is to implement business projects, "namely in the defense industry."

"I thanked American companies for continuing to work and invest in Ukraine," he wrote, adding:  "This helps us to be resilient and continue to fight for our country.

"The (Ukrainian) government, despite the war, continues to implement reforms and transform the country to attract as many investors to projects in Ukraine as possible."

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…

News Feed

11:14 PM

Romania denies downing Russian drones over Ukraine.

Videos on social media that purport to show Romanian air defense units shooting down Russian attack drones above Ukraine are spreading a false narrative, Romania's Defense Ministry said in a statement on July 26.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:38 PM

Russian ex-deputy defense minister arrested on corruption charges.

In his previous position, former Russian Deputy Defense Minister Dmitry Bulgakov was in charge of the military's logistics chains during the full-scale invasion of Ukraine. His dismissal was widely seen as a response to the logistic failures that accompanied the early months of Russia's all-out war.
11:31 AM

Сeasefire would leave 25% of Ukraine under Russian control, ambassador says.

"Many countries have proposed the idea of a ceasefire, but no one thinks about what it means. Some 25% of Ukrainian territory would remain under Russian control, which means buying time for Russia to strengthen its capabilities and resume its attacks on Ukraine," Ambassador of Ukraine to Turkey Vasyl Bodnar 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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.