About past, present and future of Ukraine

Search mobile

Main Diplomacy European Commission announces date for first tranche of 50 Billion euro programme to Ukraine

Diplomacy

European Commission announces date for first tranche of 50 Billion euro programme to Ukraine

365
European Commission announces date for first tranche of 50 Billion euro programme to Ukraine

Share this article

The first tranche under the Ukraine Facility programme of 50 billion euros will be delivered to Ukraine as early as March. The EU will continue to support its future member.

This was reported by the President of the European Commission, Ursula von der Leyen, on Twitter.

According to the President of the European Commission, the political agreement on the program reached on the evening of February 5 is an important step forward.

"Europe is true to its word," she said, noting that the EU will continue to provide such necessary and predictable financing to "our brave partner and aspiring member, "We aim to start payments in March," she added.

On February 1, during the summit, the leaders of the European Union approved the allocation of 50 billion euros for Ukraine under the Ukraine Facility program for the years 2024-2027.

On February 5, the Council of the EU and the European Parliament reached a preliminary agreement on the creation of a new instrument to support the recovery, reconstruction, and modernization of Ukraine, called the Ukraine Facility.

The document is to be approved by the European Parliament at the plenary session scheduled for February 26-29, 2024.

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...