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EU Council approves first regular tranche of Ukraine Facility for Ukraine

The tranche amounts to €4.2bn.

The Council of the European Union has decided to disburse the first regular tranche of the Ukraine Facility to Ukraine in the amount of €4.2 billion. 

Prime Minister Denys Shmyhal announced this on Telegram on 6 August. According to him, the funds will be used to support macrofinancial stability. 

"We are grateful for this decision. We expect payments later this month," he said. 

  • In total, Ukraine is expected to receive €16 billion under this programme this year. In order to receive the funds, the state is obliged to implement a reform plan drawn up by the European partners. 
  • The Ukraine Facility programme envisages the EU allocating €50 billion to Ukraine over four years.
  • In May, the Cabinet approved the plan for the Ukraine Facility programme. The plan includes structural reforms, in particular in public administration, energy and agriculture.