Read NV on Google
Ukraine’s State Budget received €1.9 billion ($2 billion) in
unconditional funding from the European Union under the Ukraine
Facility program, the Finance Ministry reported on Facebook
on June 27.
Since the start of Russia’s full-scale war against Ukraine,
the EU has allocated nearly EUR 35 billion ($37.4 billion) in direct budgetary
assistance, said Finance Minister Serhii Marchenko. These funds have supported
macroeconomic stability and enabled financing of priority budgetary needs.
“The EU is a key partner for Ukraine, continuing to play a
decisive role in accelerating our victory and strengthening the country’s
economic resilience,” Marchenko said.
Ukraine Facility program
The Ukraine Facility is a program that envisions Ukraine
receiving financial and technical assistance from the EU totaling EUR 50
billion ($53.5 billion) for the years 2024-2027. This includes EUR 38.27 billion
($41 billion) allocated to budget support, EUR 6.97 billion ($7.5 billion) to
an investment fund, and EUR 4.76 billion ($5 billion) to technical and
administrative support.
The European Union in November 2023 could reportedly provide
Ukraine with about EUR 7 billion ($7.5 billion) to maintain macro-financial
stability in advance of the Ukraine Facility program.
All 27 EU member states agreed on a four-year, EUR 50 billion
($53.5 billion) aid package for Ukraine on Feb. 1, which had been
previously blocked by Hungary.
EU promised to allocate the advance after the approval of
the Ukraine Facility program in mid-December or January.
Ukrainian Parliament ratified an agreement with the European Union on June 6, which is necessary to receive EUR 50 billion ($53.5 billion) under the Ukraine Facility program.
The military war may be swinging in our favor, but the information war continues.
Just as an army needs soldiers, so does a free society need its journalists to ensure that people have access to honest, trustworthy voices to understand the world around them.
For the past five years, The New Voice of Ukraine has been working tirelessly to push back against Russian narratives and defend democracy. But we cannot do it alone.
Please consider supporting us on Patreon for just $5 a month – your donation does directly to supporting journalists and ensuring that this front of the infowar says solid and defended.
Thank you.
Follow us on Twitter, Facebook and Google News
