Permanent Representatives of the European Union member states have agreed to the Plan for Ukraine submitted by Kyiv, which is necessary for financing under the Ukraine Facility in the amount of EUR 50 billion for the period up to 2027.
The decision was made on Wednesday in Brussels as part of a meeting of the Committee of Permanent Representatives, the Belgian Presidency reports on its Facebook page.
“The EU ambassadors agreed in principle to the Plan for Ukraine, which sets out the country’s reform efforts to receive EU financial assistance until 2027 under the Ukraine Facility,” the statement said.
The decision must then be approved by a qualified majority of the EU Economic and Financial Council, which will meet on May 14.
The Ukraine Facility is an instrument that provides for the possibility of Ukraine receiving EU financial and technical assistance totaling EUR 50 billion in 2024-2027. Of this amount, EUR 38.27 billion will be allocated for budgetary support, EUR 6.97 billion for the investment fund, and EUR 4.76 billion for technical and administrative support.
On March 18, the Cabinet of Ministers of Ukraine approved the plan for the Ukraine Facility, and on March 20, the document was submitted to the European Commission. On April 15, the EC gave its positive assessment of the plan.
Source: https://twitter.com/EU2024BE/status/1788167790513307684
