EU Proposes €8.04 Billion to Ukraine Under Ninth Tranche of Ukraine Facility
Published
The European Commission proposes to allocate €8.04 billion to Ukraine within the Ukraine Facility programme. This is €264.6 million less than Kyiv requested. The programme helps Ukraine receive financial support from the European Union for the country's recovery and the implementation of reforms.
The European Commission did not explain in its materials what specific reasons formed the basis for the reduction in the amount. For the Ukrainian government, the difference of almost a quarter of a billion euros is significant, as these funds could be used for important projects. The decision on the final size of the tranche has not yet been adopted.
Ukraine submitted a request for the ninth tranche, and the European Commission is currently considering this proposal. After that, the issue must be reviewed and approved by the relevant bodies of the European Union.
Thus, Ukraine may receive a substantial part of the funding, but not in the amount that Kyiv had counted on. Further news about this tranche should be expected after the official EU decision.
Sources: Forbes.ua
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