Ukraine is one step away from receiving EUR 1.89 billion

Innovation & Technology
Published Apr 17, 2024

Tridge summary

The European Commission has approved a significant financial support package for Ukraine, amounting to 1.89 billion euros, under the Ukraine Facility program. This decision, announced by First Deputy Prime Minister - Minister of Economy Yuliya Svyridenko, hinges on Ukraine's commitment to implementing specific reforms and achieving certain indicators as proposed by the EU. The funding aims to spur economic growth and attract further investments by focusing on key reforms, particularly in enhancing audit and control systems. This approval marks a crucial step towards ensuring regular financial support for Ukraine, with the final step being the adoption of the Implementation Decision by EU member states.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Commission approved the plan, which provides for the allocation of 1.89 billion euros of support to Ukraine as part of the Ukraine Facility program. This was reported by First Deputy Prime Minister - Minister of Economy Yuliya Svyridenko. According to her, whether Ukraine will receive funds depends on the successful implementation of the indicators proposed by the EU. Yuliya Svyridenko noted that with the implementation of the reforms, funds will be received quarterly. According to the minister, the plan provided by the EU defines key reforms and directions for investments that can contribute to economic growth and attracting financing. She emphasized that the partners' recommendations include a quality audit and control system, which is planned to be strengthened within the framework of the reforms. The Deputy Prime Minister added that certain reforms and priority sectors can accelerate economic growth and attract investments. The European Commission approved the ...
Source: Agropolit
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