Ukraine to receive €18.1 billion in aid from the European Commission

Ukraine will receive €18.1 billion in macro-financial assistance from the European Commission, with the first tranche coming in January 2025.

This was confirmed by EU Commissioner for Economic and Productivity Affairs Valdis Dombrovskis.

“Valdis Dombrovskis confirmed the provision of an important macro-financial assistance for Ukraine in the amount of EUR 18.1 billion under the G7 Revenue Acceleration Initiative. We expect to receive the first tranche in January,” said Denys Shmyhal.

Shmyhal thanked the European Union for funding under the Ukraine Facility.

“This year we have received €16 billion, which has become important for stabilizing the economy, supporting reforms and addressing urgent needs,” the Prime Minister said.

The officials also discussed the creation of a recovery mechanism based on the Marshall Plan.

“We propose to combine the frozen russian assets and EU funds into a long-term recovery plan for the country. This will allow us to involve European companies in the reconstruction on a mutually beneficial basis,” Shmyhal said.

The parties agreed to hold intergovernmental consultations with the EU early next year.

Source: telegram channel of the Prime Minister of Ukraine