Ukraine on Wednesday received EUR 150 million in non-repayable financial assistance from the EU as part of a bilateral agreement to finance the Support for Ukraine’s Early Recovery program (State Building and Resilience Contract), the Finance Ministry said.
“Grant funding will help ensure priority measures to restore critical facilities affected by Russia’s armed aggression, including transport infrastructure, utilities and services, social infrastructure and residential areas,” Minister Sergii Marchenko said in a release.
It is specified that the second tranche of EUR 100 million is expected in the first quarter of 2024. The funds will be used to finance both recovery activities and support small farms and other agricultural businesses.
The day before, Marchenko said that since the beginning of this year, Ukraine has managed to attract more than $39 billion in external financing, compared to $32.1 billion for the entire last year, and by the end of the year this amount will reach about $42.3 billion. In particular, the EU is expected to receive EUR 1.5 billion of the last tranche of macro-financial assistance this year.
