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The Ukraine Facility is the EU's flagship programme to support Ukraine's recovery, reconstruction and modernisation following Russia's full-scale war of aggression. The facility as defined by Regulation (EU) 2024/792 consists of three pillars and will mobilisAt a Glance - Ukraine Facility: State of play - 16-07-2024
The Ukraine Facility is the EU's flagship programme to support Ukraine's recovery, reconstruction and modernisation following Russia's full-scale war of aggression. The facility as defined by Regulation (EU) 2024/792 consists of three pillars and will mobilise up to €50 billion to ensure stable and predictable financial support for Ukraine between 2024 and 2027 and assist the country on its path towards EU membership. The Ukraine plan guides implementation of the facility's Pillar I: it sets the conditions and serves as framework for disbursing funds, and outlines the reform pathway for Ukraine's reconstruction and EU accession. Two tranches of exceptional bridge financing totalling €6 billion and pre-financing worth €1.9 billion have so far been transferred to Ukraine. Regular transfers of quarterly instalments from the Ukraine Facility are planned until 2027. Disbursal is conditional on Ukraine implementing the Ukraine plan quantitative and qualitative reform steps, and adhering to EU values. Source : © European Union, 2024 - EP Read more