The Council of the European Union will start negotiations with the European Parliament on the establishment of the Ukraine Facility

The Ukraine Facility is a special financial instrument to support Ukraine over the period 2024-2027.

According to the decision, the Ukraine Facility programme will consist of three components.

The first component will be based on the Ukraine Facility Plan, a technical document required for the implementation of the EU financial assistance programme to Ukraine. The plan will set out a programme of priority reforms that will lay the foundations for further economic recovery and development and facilitate integration with the EU. Progress in meeting the indicators of the plan will be rewarded with quarterly financial assistance.  

The second component of the Ukraine Facility programme will be a special investment instrument to cover risks in priority sectors. Investors will be able to obtain financing under this instrument through the EBRD, the EIB and other international institutions.

The third component of the Ukraine Facility Programme will be technical assistance and other measures to facilitate the implementation of structural reforms on the path to full membership of the European Union.

The Ukraine Facility will consolidate EU budgetary support to Ukraine until 2027 into a single comprehensive instrument. At the same time, the approved mandate does not cover issues related to the overall scope of the Ukraine Facility programme, which will be subject to further negotiations.

“In February, we expect the renewal of the EU’s multiannual financial programme until 2027, as well as the final approval of the Ukraine facility, which will allow the programme to be fully launched and we to receive the necessary macro-financial assistance,” said Yulia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy.

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