The European Commission has given a positive assessment of the first regular payment of about 4.2 billion euros under the Ukraine Facility program, which aims to support Ukraine's macro-financial stability and the functioning of its public administration.
The European Commission's press service reports this as saying, according to Yevropeiska Pravda.
Based on the results of the assessment of the payment request submitted by Ukraine on July 9, 2024, the European Commission concluded that Kyiv had satisfactorily fulfilled nine reform indicators. This decision still needs to be approved by the EU Council.
These reforms cover public financial management, management of state-owned enterprises, business environment, energy, and demining.
The decision brings the total amount of funding provided to Ukraine by the EU since the program was launched in March this year to €12 billion.
Author - Olena Madiak, 17/07/2024