All EU members have already agreed on the provision of €50B to Ukraine.

Prime Minister of Ukraine Denys Shmyhal said that all 27 EU member states agreed to support the four-year €50B Ukraine Facility program and will approve it on February 1. If nothing changes, this year the EU will be able to provide financial assistance to Ukraine at last year’s approximate level.

Latvian President Edgars Rinkevičs clarified that the agreement would involve either the agreement of all 27 EU member states or another mechanism. However, he is counting on a consensus being attained.

According to the Head of the Parliamentary Committee on the Organization of State Power, Olena Shulyak, the Ukraine Facility program is much broader than simple financial assistance because it involves the implementation of several reforms, such as creating tools for attracting investment and working with donors.

The likely effect of implementing measures within the framework of the Ukrainian Fund envisages the return of real GDP to the pre-war level (2021) in 2028. The reforms and an influx of investment should help the economy to grow by 40% by 2033 (compared to 2021).