EU aid to Ukraine: European Commission on when second tranche will come
Illustrative photo (Getty Images)
The European Commission has informed the EU Steering Committee about the allocation of €4.5 billion to Ukraine in March as part of interim financing.
This program provides much-needed liquidity for the functioning of the state, such as payment of wages, pensions, and provision of essential government services, enabling Ukraine to continue focusing efforts on winning the war.
"A second tranche of pre-financing of €1.5 billion to Ukraine is foreseen in April, subject to a positive assessment of the fulfilment of agreed conditions," the statement reads.
€50 billion for Ukraine
On February 1 of this year, EU leaders during a special summit endorsed providing €50 billion to Ukraine by 2027. The funds are to be disbursed under the Ukraine Facility program.
This program stipulates that Ukraine must meet a series of conditions to receive the funds.
Ukraine received the first tranche of funds under the Ukraine Facility in March.
Earlier, sources told RBC-Ukraine that the European Commission had agreed to almost double the assistance under the Ukraine Facility in 2024.
