BRUSSELS (Reuters) – European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the 50 billion euros the EU has set aside as financial support for Kyiv, the governments, called the EU Council, said in a statement. The money will come in a mix of grants […]
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EU governments give green light to 4.2 billion euros payout to Ukraine
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BRUSSELS (Reuters) – European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the 50 billion euros the EU has set aside as financial support for Kyiv, the governments, called the EU Council, said in a statement.
The money will come in a mix of grants and loans after Ukraine has met the conditions for disbursement that included reforms of public financial management, governance of state-owned enterprises, business environment, energy and de-mining.
The 50 billion euro fund for 2024-2027 was agreed by EU governments in March. So far Ukraine received from it 6 billion euros in bridge financing and 1.9 billion euros in pre-financing.
($1 = 0.9164 euros)
(Reporting by Jan Strupczewski; Editing by Tomasz Janowski)