Skip to content
Edit post

Von der Leyen: EU aims to start payments of $54 billion Ukraine Facility fund in March

by Nate Ostiller and The Kyiv Independent news desk February 6, 2024 11:24 AM 1 min read
European Commission President Ursula von der Leyen (R) sits next to President Volodymyr Zelensky at the Davos forum in Switzerland on Jan. 16, 2024. (President's Office)
This audio is created with AI assistance

The EU aims to begin payments from the 50 billion euro ($54 billion) Ukraine Facility fund in March, said European Commission President Ursula von der Leyen on Feb. 6.

After months of obstruction by Hungary, European leaders agreed on the four-year financing for Kyiv during a European Council summit on Feb. 1. The European Parliament and the Council of the EU concluded a preliminary agreement on Feb. 5  regarding the 50 billion euros ($54 billion) for the Ukraine Facility, the Council's press service said earlier on Feb. 6.

"Last night’s political agreement on the 50 billion euro ($54 billion) Ukraine Facility is a major step forward," said von der Leyen.

"We will continue to deliver much-needed funding and predictability for our brave partner (Ukraine) and aspiring member. We aim to start payments in March."

The 50 billion euro ($54 billion) sum, which is part of a broader EU budget called the Multiannual Financial Framework (MFF), is split between 33 billion euros ($35.5 billion) in loans and 17 billion euros ($18.3 billion) in grants.

BREAKING: All 27 EU leaders agree on 50 billion euro aid package for Ukraine
All 27 leaders of EU member states agreed on an additional 50 billion euro support package for Ukraine within the EU budget, European Council President Charles Michel announced on Feb. 1.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

9:50 PM

Media: Zelensky may visit Armenia in near future.

President Volodymyr Zelensky may visit Armenia in “the near future,” the Armenian news outlet FactorTV reported on Feb. 23. Preparations for the visit are currently underway, but the exact date has not yet been confirmed, the outlet reported, citing its sources.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
7:23 PM

Canada announces new sanctions against Russia.

Canada's new sanctions will target those who provide Russia with military equipment, offer services such as insurance to Russian soldiers, and otherwise help support the finances and logistics of the Russian state
2:36 PM

Ukraine, Denmark finalize long-term security agreement.

The U.K., Germany, and France have earlier signed similar deals to help Ukraine repel Russia's aggression based on a pledge made by the Group of Seven (G7) last July. Denmark is the first non-G7 country to finalize the deal.
1:59 PM

Biden announces new package of sanctions against Russia.

“Today, I am announcing more than 500 new sanctions against Russia for its ongoing war of conquest on Ukraine and for the death of Aleksei Navalny, who was a courageous anti-corruption activist and Putin’s fiercest opposition leader,” U.S. President Joe Biden said in a statement published by the White House.
1:40 PM

US Senate Majority Leader arrives in Lviv for talks with Zelensky.

"I am leading this delegation to meet with President (Volodymyr Zelensky) to show the Ukrainian people that America stands with them, to show our NATO and European allies we stand with them, to learn about the arms Ukraine vitally needs, and to protect our democracy and national security," Chuck Schumer wrote on the social media platform X.
12:58 PM

Zelensky, Danish PM meet in Lviv.

President Volodymyr Zelensky and Danish Prime Minister Mette Frederiksen arrived in Lviv for an official visit, Zelensky said on Feb. 23, according to his Telegram channel.
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.