The leaders of the European Union agreed to support Ukraine in the amount of €50 billion


At the summit in Brussels, the European Council decided to create a Ukrainian fund with financing in the amount of €50 billion for 2024-2027.

About this informs Ministry of Foreign Affairs of Ukraine, Babel writes.

“The Ministry of Foreign Affairs of Ukraine welcomes the achievement of a principled decision at the summit on the creation of the Ukraine Facility (Ukraine Facility). This is a clear signal that the financial support of Ukraine from the European Union will continue,” the message reads.

Completion of all necessary legal procedures will take place in January 2024, which will allow the appropriate financing to be obtained as soon as possible.

Among other things, the money will be used to support macroeconomic stability, recovery and modernization of Ukraine, as well as acceleration of integration into the EU.

In addition, the Ministry of Foreign Affairs called for the approval of the new eighth tranche of aid within the framework of the European Peace Fund as soon as possible.

Due to Hungarian Prime Minister Orbán’s veto, these funds will not be included in the EU budget, but the European Union has a backup plan. It is expected that 26 member states will allocate €1.5 billion to Ukraine from next year.

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