Ukraine Facility: EU approves fifth payment of over €1.8 billion to Kyiv

The Council of the European Union today adopted a decision on the fifth regular disbursement of support under the EU’s Ukraine Facility, with Ukraine set to receive over €1.8 billion.

The funding aims primarily to bolster Ukraine’s macro-financial stability and support the continued operation of its public administration.

“This amount reflects Ukraine’s successful completion of nine steps required for the fifth disbursement, and one outstanding step from the fourth disbursement,” said a press release by the Council of the EU.

Payments under the Ukraine Facility are closely linked to the Ukraine Plan, which outlines Ukraine’s strategy for recovery, reconstruction and modernisation, along with a timetable for the implementation of reforms aligned with the country’s EU accession goals over the next years.

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Press release