EU disburses nearly €2.8 billion to support Ukraine’s financial stability and reform efforts

On 8 June, the European Commission released nearly €2.8 billion to Ukraine to support its financing needs and maintain public administration, as it continues to defend itself against Russia’s war of aggression.

This is the seventh disbursement under the Ukraine Facility, the EU’s key instrument to support Ukraine’s recovery, reform agenda and progress towards EU membership. With this latest payment, total EU support provided under the Ukraine Plan has reached €29.5 billion, equivalent to almost 77% of the funding available under the Facility’s first pillar, which provides direct support to the State budget.

EU Enlargement Commissioner Marta Kos said: “Ukraine’s speed and commitment to delivering meaningful reforms has merited this payment, and we are now also paving the way for further progress in the accession negotiations.”

The disbursement follows Ukraine’s implementation of reforms across several strategic sectors, including public financial management, the judiciary, financial markets, human capital, business environment, energy, agriculture, critical raw materials, digitalisation, and green transition.

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Press release