The EU Council approved the eighth tranche of nearly €3 billion for Ukraine

The EU Council communiqué says that the eighth tranche from the fund for Ukraine has been approved, and its total amount is nearly €3 billion; Interfax reports that the funds will soon be transferred to Kyiv.

Nearly €800 million of this amount will be allocated for the first time from the loan funds to support Ukraine.

The EU Council linked the decision to the fact that Ukraine successfully completed another ten targets.

The document also says that to date Kyiv has fulfilled 84 of the 95 conditions provided for by the program schedule for this period, which is about 88% of the total number of stages.

Funding under this program is intended to strengthen macrofinancial stability, contribute to the reconstruction and modernization of Ukraine, ensure the uninterrupted operation of public administration bodies, and support reforms.

The EU Council also made changes to the plan for Ukraine, including Norway's voluntary financial contribution of 1 billion Norwegian kroner, or about €92 million, on a grant basis; after this tranche is paid out, the total amount of funds received by Kyiv since mid-2024 will exceed €32 billion.

Sources

• Interfax