Ministry of Finance: European Commission’s positive assessment of Ukraine paves way for EUR 4 billion disbursement under Ukraine Facility

Today, the European Commission has given a positive assessment of the indicators that Ukraine has performed under the Ukraine Facility Plan by the third quarter of 2024.

Ukraine has met all nine indicators set out in the Ukraine Plan. Reform measures cover such areas as fighting against corruption, business environment, labour market, regional policy, energy market and environment protection.

The positive assessment by the European Commission paves the way for the disbursement of the second regular tranche (which is subject to the performance of indicators) in the amount of EUR 4 billion. The decision must also be approved by the EU Council.

President of the European Commission Ursula von der Leyen noted the commitment of the Ukrainian authorities to implementing reforms to restore and advance on the path to the EU and assured of continued support for Ukraine.

“The EU is a key partner of Ukraine, which plays an important role in accelerating our victory and strengthening the country’s economic resilience. The Government of Ukraine continues to responsibly implement reform measures and perform the terms of cooperation. First and foremost, Ukraine needs this to strengthen the competitiveness of its economy and full European integration. I am grateful to the EU for supporting our country on this path,” said Minister of Finance of Ukraine Sergii Marchenko.

In total, Ukraine has already received EUR 12.1 billion under the Ukraine Facility. Ukraine is expected to receive the next tranche by the end of 2024.