Tuesday03 December 2024
good-news.com.ua

The European Commission has approved a €4.1 billion tranche for Ukraine under the Ukraine Facility.

The European Commission has approved the allocation of €4.1 billion to Ukraine under the Ukraine Facility. This announcement was made by Ukrainian Prime Minister Denys Shmyhal on Telegram on November 14.
Еврокомиссия утвердила выделение €4,1 млрд Украине в рамках программы Ukraine Facility.

"The EC has given a positive assessment of the reforms and noted that the government has met the necessary indicators to receive this tranche," wrote the head of the Cabinet.

According to Shmyhal, Kyiv is expecting a swift agreement on the decision from the EU Council.

"After this, the total amount of support under the Ukraine Facility for this year will reach €16.1 billion," the Prime Minister indicated.

Shmyhal expressed gratitude to the EU for its unwavering support of Ukraine.

"As we approach the 1000th day of Russia's brutal war, we will help support the Ukrainian state while the country fights for survival. We are in this for the long term," wrote EC President Ursula von der Leyen.

The @EU_Commission green-lights a new €4 billion payment from the Ukraine Facility.

As we're approaching the 1000th day of Russia's atrocious war, we will help keep the Ukrainian state running while the country fights for survival.

We are in it for the long-haul. pic.twitter.com/sge9rW1zk6



— Ursula von der Leyen (@vonderleyen) November 14, 2024

After evaluating Ukraine's second report presented in October, the European Commission confirmed the fulfillment of all nine indicators of the Ukraine Facility plan for receiving the second tranche, noted the Ministry of Economy.

"These include reforms in legislation regarding anti-corruption, improvement of the business environment, labor market, regional policy, energy market, and environmental protection," the statement said. "In the first three quarters of 2024, Ukraine fulfilled 25 indicators of the Ukraine plan for the Ukraine Facility. There are still 11 indicators to meet by the end of the year, and the report on their fulfillment will be submitted to the European Commission at the beginning of 2025."