European Commission Disburses €2.9 Billion to Ukraine for Financial Stability and Reforms
The European Commission has released €2.9 billion to Ukraine, marking the eighth disbursement under the Ukraine Facility. This funding is intended to support Ukraine's financial needs, maintain the functioning of its public administration, and aid in its defense against ongoing aggression. The disbursement includes €800 million provided for the first time under the Ukraine Facility component of the Ukraine Support Loan. This payment follows Ukraine's successful implementation of reforms across various strategic sectors, including judiciary, financial markets, human capital, business environment, energy, transport, agriculture, and the green transition. The Council concluded that Ukraine fulfilled three reform steps linked to the eighth installment, one outstanding step from the fifth, three from the seventh, and three brought forward from the ninth installment. The Ukraine Facility, which entered into force on March 1, 2024, is the EU's primary financial support instrument for Ukraine, providing over €50 b...