Ukraine Facility: EU approves sixth payment of around €2.3 billion to Kyiv

Ukraine will soon receive around €2.3 billion in funding after the Council of the European Union on 11 December adopted a decision on the sixth regular disbursement of support under the EU’s Ukraine Facility. 

The payment reflects Ukraine’s successful completion of eight steps required for the sixth disbursement and the completion of an outstanding step from the fourth disbursement. This funding aims primarily to bolster Ukraine’s macro-financial stability and to support the functioning of its public administration.

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 coming years. 

Following the completion of the most recent steps, Ukraine has now successfully adopted 63 out of the 68 steps required so far under the Ukraine Facility.

The Ukraine Facility, which entered into force on 1 March 2024, provides up to €50 billion of stable financing, in grants and loans, to support Ukraine’s recovery, reconstruction, and modernisation for the period from 2024 to 2027.

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Press release