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EU has provided €32 billion in financial aid to Ukraine since February 2022

Tuesday, 14 May 2024, 17:01
EU has provided €32 billion in financial aid to Ukraine since February 2022
Finance Minister Serhii Marchenko. Photo: press service of the Ministry of Finance of Ukraine

Since February 2022, the European Union has been the greatest donor of budget aid to Ukraine, with its contributions totaling over €32 billion.

Source: press service of the Ministry of Finance of Ukraine, citing the words of Finance Minister Serhii Marchenko.

Quote: "In the 10 years of Russia's war on Ukraine, financial backing from the EU has already exceeded 37 billion euros," he said.

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Background: 

  • The Council of the European Union finally adopted Ukraine’s plan necessary for the implementation of the Ukraine Facility programme in the amount of €50 billion. This year, the government expects to raise €16 billion.
  • The European Parliament approved the regulations of the Ukraine Facility programme in February 2024. According to the approved regulations, the EU support programme for Ukraine in the amount of €50 billion will be valid from 2024 to 2027.
  • In April, the European Commission supported the Ukraine Plan reform proposed by the government of Ukraine within the framework of the Ukraine Facility mechanism, which defines the conditions for receiving €50 billion of macro-financial assistance during 2024-2027.
  • Ambassadors of EU member states supported the plan for the Ukraine Facility, agreeing with the positive assessment of the document proposed by the European Commission.

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