The European Commission has paid nearly €2.8 billion to Ukraine to support its financing needs and keep public administration running.
The payment was the seventh disbursement under the Ukraine Facility, the EU’s main funding tool to support Ukraine’s recovery, reforms and progress towards EU membership, the Commission informed in a release on Monday.
Total support provided under the Ukraine Plan has reached €29.5 billion with the latest transfer, which the Commission said is almost 77% of the funding available under the first pillar of the Ukraine Facility, which provides direct support to Ukraine’s state budget.
Ukraine qualified for the latest payment after carrying out reforms in areas including public finance management, the judiciary, financial markets, human capital, the business environment, energy, agriculture, critical raw materials, digitalisation and the green transition.
Commissioner for Enlargement Marta Kos said: “Ukraine's speed and commitment to delivering meaningful reforms has merited this payment, and we are now also paving the way for further progress in the accession negotiations.”
Reforms linked to the latest payment
Ukraine submitted a partial payment request on 14 April, the Commission said.
Member states in the Council of the EU endorsed the Commission’s assessment on 28 May that Ukraine had completed 11 reforms linked to this payment, alongside three outstanding reforms from the fifth and sixth payments and four reforms brought forward from future instalments.
The Commission described the support as helping to maintain Ukraine’s financial stability as the country continues to defend itself against Russia’s war of aggression.
