After EU ambassadors voice their support for the Ukraine Facility, Ukraine looks to receive €16B in funding for 2024. Ambassadors of the EU member states have supported the Ukraine Facility, agreeing with the positive assessment of the financial support instrument proposed by the EC. The EU Council must still approve... #EUfinancialAid #ReformsinUkraine #UkraineFacility #YuliyaSvyridenko
The EU will provide Ukraine with €3.4B in transition financing and allocate €121M for EBRD recapitalization to increase assistance to Ukraine. The EC has made the first €4.5B payment of transitional financing for Ukraine, and the next payment of €1.5B is planned for this month, subject to Ukraine’s compliance with all established conditions.... #ebrd #EUfinancialAid #UkraineFacility #UkraineRecovery #ValdisDombrovskis
Ukraine may lose out on EU funds if reforms are not fulfilled. The €50B EU Ukraine Facility program will contain about 140 indicator conditions. The main areas of reforms in the program will be state administration, state finances, the justice system, and the fig... #EUfinancialAid #ReformsinUkraine #SupportUkraine #UkraineFacility
The European Parliament approved the allocation of €50B for Ukraine over four years. However, the €50B EU program will receive final approval in April. “The regulations for disbursement of funds under the EU program contain final conditions, which will be approved by the governm... #EUfinancialAid #EuropeanParliament #SerhiyMarchenko #UkraineBudget2024 #UkraineFacility #YuliyaSvyridenko
A diplomat reveals the conditions for Ukraine receiving €50B from the EU and suggests a possible revision of the amount. Permanent representative of Ukraine to the EU Vsevolod Chentsov, answering questions about the conditions European partners are preparing to put forward to Kyiv for receiving €50B over four years, not... #EUfinancialAid #SupportUkraine #UkraineFacility #VsevolodChentsov
The EU has proposed a new way to finance aid to Ukraine. EU Commissioner for Environmental Affairs Virginijus Sinkevičius suggests that the EU should additionally tax Western companies doing business in Russia to help Ukraine. He said that it is essential t... #EUfinancialAid #RussianAssets #RussianCentralBank #UkraineFacility #VirginijusSinkevičius #WesternCompaniesInRussia
The European Parliament and the Council of the EU agree on a €50B Ukrainian fund. The new fund will combine EU budget support into a single instrument, providing Ukraine with broad, predictable, and flexible assistance for 2024-2027. The fund will consist of three components. The f... #EUfinancialAid #EuropeanIntegration #EuropeanParliament #UkraineFacility
EU leaders have supported €50B in Ukrainian aid over four years. On February 1, all 27 leaders of the EU member states politically endorsed the launch of the €50B Ukraine Facility for 2024-2027. Most of these funds will ensure Ukraine’s social and humanitaria... #EUfinancialAid #EUsummit #UkraineBudget2024 #UkraineFacility
Ukraine expects the first €4.5B from the new EU package in March; here is what the program provides. The European Parliament must approve the €50B Ukraine Facility program, previously approved by the European Council, during the plenary session scheduled for February 26-29, 2024. The first payment of... #EUfinancialAid #EUsummit #UkraineBudget2024 #UkraineFacility #VictorOrban
The EU has a compromise solution to allocate €50B for Ukraine. EU leaders will agree to the terms of Hungarian Prime Minister Orban, who insists on an annual review of financial assistance to Ukraine as part of a four-year, €50B package. Budapest wants not only a... #EUfinancialAid #HungaryVeto #SupportUkraine #UkraineFacility #VictorOrban
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... #EdgarsRinkevics #EUfinancialAid #OlenaShulyak #UkraineBudget2024 #UkraineEconomy #UkraineFacility
A Ukrainian diplomat names three options for bypassing Hungary’s veto on €50B in aid. At the EU summit on February 1, Hungary can again veto the provision of €50B to Ukraine for 2024-2027 under the Ukraine Facility program. Approval of this program is Plan A. But there are at least two... #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban #VsevolodChentsov
After European Council pressure on Hungary, Orban agrees to unlock €50B for Ukraine, but Slovakia is now against the move. After the announced consideration of a resolution on the deprivation of the right to vote in the Council of the EU, Hungary declared that it is ready to give in and unblock funding for Ukraine. Accord... #EUfinancialAid #HungaryVeto #RobertFico #UkraineFacility #VictorOrban
Orban has achieved concessions from the EU, which seeks to unlock €50B for Ukraine. The European Commission is ready to accept some of Hungary’s demands in order to overcome its veto of a €50B support package for Ukraine. In particular, the EC is prepared to grant Budapest the ... #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban
The EU is close to approving €50B in financial aid to Ukraine, and the money may arrive in the first quarter. EU ambassadors approved a “partial negotiating mandate” for a proposal to create a single specialized instrument to support Ukraine’s recovery, reconstruction, and modernization whil... #EUbudget #EUfinancialAid #HungaryVeto #UkraineFacility
Hungary put forward a condition for lifting its veto on €50B aid to Ukraine. According to Politico, Hungary has said that it could lift the veto on a €50B aid package from the European Union, provided the funding is reviewed every year. Budapest proposes that the European Coun... #EUbudget #EUfinancialAid #HungaryVeto #UkraineFacility #VictorOrban
The EU is developing a €20B contingency plan to finance Ukraine in 2024. An alternative scheme has emerged that involves member states providing guarantees to the EU budget, which would allow the European Commission to borrow up to €20B on the capital markets for Kyiv next... #EUfinancialAid #financialaidforUkraine #HungaryVeto #SupportUkraine #UkraineFacility
Ukraine received the last part of micro-financial aid from the EU for this year and €20M to support startups. What other help have international partners provided? The EU has sent the last €1.5B to Ukraine as part of the macro-financial aid package for 2023. The European Innovation Council will allocate €20M to support Ukrainian Deep Tech developments.About 200 ... #EUfinancialAid #financialaidforUkraine #GrantsForStartups #HOPEproject #SupportUkraine
EU budget disputes put Ukraine at risk of never receiving €50B in crucial aid. Disagreements within the EU regarding the budget have put the provision of €50B over four years to Ukraine at risk; this issue should be decided at the summit on December 14-15. According to the FT, E... #EUbudget #EUfinancialAid #financialaidforUkraine #SupportUkraine #UkraineFacility
What will happen if the EU refuses to increase 2024 support to Ukraine to €18B under the Ukraine Facility program: the parliament’s response. According to the Ukraine Facility plan, direct budget assistance from the total €50B over four years amounts to €39B. If that amount is divided into equal parts, you get €9.75B annually. This will no... #EUfinancialAid #RoksolanaPidlasa #UkraineBudget2024 #UkraineFacility
The EU will provide €335M in aid and goes to the US to support Ukraine. The Cabinet of Ministers approved the EU Support for Recovery and Reforms financing program. After its signing, Ukraine will receive financing from the European Commission. As the head of the governme... #DenysShmyhal #EUfinancialAid #SupportUkraine #UkraineRecovery
Slovakia has put forward its conditions for Ukraine to receive €50B from the EU. Slovakia is ready to increase its contribution to the EU budget over the next four years by €400M so that Ukraine receives an aid package of €50B, with certain conditions. Slovak PM Robert Fico said t... #EUbudget #EUfinancialAid #RobertFico #SupportUkraine #UkraineFacility #UkraineRecovery
Germany wants to obtain permanent financial support for Ukraine from the EU. Federal Chancellor Olaf Scholz promised to work on ensuring that by the end of the year, the EU adopts concrete decisions to ensure stable support for Ukraine in the coming years, referring to the Dec... #DenysShmyhal #EUfinancialAid #EUsupportforUkraine #financialaidforUkraine #OlafScholz
Ukraine and the EU held their third round of consultations on four-year, €50B funding. As reported by the Ministry of Economy, the key topics of discussion were public administration reform, green transition and environmental protection, digitalization, reform of the justice system, cor... #EUfinancialAid #EUprogramForUkraine #UkraineFacility #YuliyaSvyridenko
Why did the national debt increase by $1.01B in August, and to whom does the state owe the most? According to the Ministry of Finance, Ukraine’s state and state-guaranteed debt increased by $1.01B in August because the state budget received the seventh tranche of €1.5B of macro-financial as... #EUfinancialAid #financialaidforUkraine #StateDebtUkraine #UkraineBudget #ukrainedebt
The EU has raised money for Ukraine through the issuance of bonds. The European Commission placed bonds on behalf of the EU in the amount of €5B. Part of the funds raised under the Macro-Financial Assistance Plus program will be directed to Ukraine’s financial ... #EUfinancialAid #eurobonds #EuropeanCommission
The war in Ukraine has provoked “budget battles” in the EU. The financing of Ukraine accounts for half of the almost €100B that the European Commission is asking to allocate in order to strengthen the EU budget for 2021-2027. The other half will be divided amo... #EUbudget #EUfinancialAid #EUfundforUkraine #EUprogramForUkraine #SupportUkraine
Ukraine and the EU have passed the second preparation stage for the five-year, €50B program. According to the Minister of Economy, Yulia Svyridenko, at the previous meeting the parties agreed on the structure and distribution of topics. This time, attention was focused on the form in which th... #EUfinancialAid #EUprogramForUkraine #UkraineFacility #YuliyaSvyridenko
Ukraine received another €1.5B in macro-financial assistance from the EU. As the Ministry of Finance reports, this is the seventh tranche within the framework of the EU’s large-scale macro-financial assistance program with loan repayment in 35 years. As well, the EU w... #EUfinancialAid #EUtranche #UrsulavonderLeyen
Ukraine and the EU have finalized the concept of Kyiv’s five-year support plan. According to Minister of Economy Yulia Svyridenko and representatives from the European Commission, the key points of the 2024-2027 plan are macro-financial recovery scenarios, a program of reforms, i... #EUfinancialAid #EUprogramForUkraine #MarleneMadsen #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
Ukraine is preparing a recovery plan based on the €50B promised by the EU. The Government of Ukraine has started preparing a recovery, reconstruction, and modernization plan (Ukraine Plan), which is necessary to receive financial assistance from the EU after 2023, the Minist... #EUfinancialAid #UkraineReconstruction #UkraineRecovery #YuliyaSvyridenko
The EU has presented its conditions for the new €50B financing package for Ukraine. The country’s authorities must fulfill several requirements to implement the Financial Instrument for Ukraine (Ukraine Facility) from the EU, which provides financing of up to €50B for four year... #EUfinancialAid #InvestmentsinUkraine #SerhiyMarchenko #UkraineFacility
The EU will provide Ukraine with a €50B, four-year financial support package, but there are conditions. This commitment will give Ukraine more certainty in its finances and should encourage other allies, primarily the US and Great Britain, to make similar long-term commitments. The money will be used to... #EUfinancialAid #financialaidforUkraine #UrsulavonderLeyen
EU sent the third €1.5B tranche of microfinance aid, increasing the total aid to €6B in 2023. Previously, Ukraine received the first tranche of €3B in January 2023, and the state budget received the second tranche of €1.5B in March. Thus, the volume of direct 2023 budget support from the EU ha... #EUfinancialAid #SerhiyMarchenko #UrsulavonderLeyen
Hungary has blocked €500M in aid for Ukraine, but the EU has a backup plan. Hungary has blocked access to the European Peace Fund money that EU countries have been using to purchase weapons for Ukraine. According to a high-ranking EU diplomat, EU countries will put pressure o... #EUfinancialAid #EuropeanPeaceFund #HungaryVeto
Ukraine and the EU have signed a memorandum on €18B in macro-financial aid; the first €3B will arrive on January 17. European Commission President Ursula von der Leyen announced that the first €3B of macro-financial assistance to Ukraine will arrive on January 17. Preferential loan funds will be transferred to Ukrai... #EUassistance #EUfinancialAid #UrsulavonderLeyen
Ukraine expects to sign a memorandum on a new macro-finance agreement with the EU by the end of the year. Ukraine expects to sign a memorandum by the end of 2022 on the provision of €18B in macro-financial assistance from the European Union in 2023, Prime Minister Denys Shmyhal said. There are conditions... #DenysShmyhal #EUandUkraine #EUfinancialAid #UkraineBudgetDeficit
The EU agrees on an €18B Ukraine aid package after Hungary drops its opposition. EU member states have approved plans to provide an €18B aid package for Ukraine in 2023 after Hungary dropped its opposition in return for funding from the EU, reported CNN. Hungary had initially bloc... #EUfinancialAid #HungaryVeto #UrsulavonderLeyen
Next month, Ukraine will receive the first tranche of the new EU microfinance aid package. According to the Ukrainian Ministry of Finance, Ukraine will receive the first tranche of €18B in EU macro-financial assistance in January 2023. On December 10, the Council of the European Union suppo... #EUfinancialAid #financialaidforUkraine #SerhiyMarchenko
Hungary has blocked the provision of €18B to Ukraine. On December 6, in Brussels, at the meeting of finance ministers from the EU member states, there was no green light given regarding €18B in economic aid for Ukraine. Hungary is still blocking these fu... #EUfinancialAid #VictorOrban #ZbigniewStanyura
Ukraine has been left without €3B worth of macro-financial aid this year but will receive €2.5B by the end of the month. According to European Commission, the EU will not be able to allocate €3B to Ukraine, the last third of the funds provided by the €9B macro-financial assistance program. According to the Deputy Chairm... #EUfinancialAid #financialaidforUkraine #ValdisDombrovskis
Hungary refuses to contribute to €18B macro-finance aid to Ukraine. Hungary will not make a financial contribution to the EU’s long-term joint credit to support Ukraine’s state budget in 2023, said the Minister of Foreign Affairs of Hungary, Peter Szijjártó. “We... #EUfinancialAid #PeterSijarto #UrsulavonderLeyen
The European Commission will provide €18B in financial assistance to Ukraine. The President of the European Commission, Ursula von der Leyen, informed President Zelenskyy that this week she will propose a substantial financial package from the EU of up to €1.5B a month, totali... #EUfinancialAid #UrsulavonderLeyen #Zelenskyy
The European Commission has prepared three financial support mechanisms for Ukraine, writes Politico. The European Commission wants to attract up to €18B in loans and grants to cover half of Ukraine’s expected budget deficit of $38-40B in 2023. The first option, which the Commi... #EUfinancialAid #financialaidforUkraine #UkraineBudgetDeficit
The European Commission has promised to pay €9B in microfinance assistance by the end of the year. At the EU summit, the finance ministers from the participating countries were instructed to develop a mechanism to allocate at least €18B to Ukraine in 2023, said the President of the European Commiss... #EUfinancialAid #UrsulavonderLeyen
Ukraine has received €2B from the EU. On October 18, Ukraine received €2B in macro-financial assistance from the EU to support its economic stability, Prime Minister Denys Shmyhal announced. According to the head of the government, this a... #DenysShmyhal #EUfinancialAid
The European Commission will announce the presentation of a financial assistance plan for Ukraine in the coming weeks, EC Vice President Valdis Dombrovskis said. According to Dombrovskis, Ukraine’s financing needs are growing. Therefore, a more strategic financing plan should be considered to ensure Ukraine’s e... #EUfinancialAid #EuropeanCommission #ValdisDombrovskis
The US is unhappy with the EU’s financial aid delay. The US is urging the EU to increase financial aid to Ukraine, whose economic situation is deteriorating due to the constant hostilities, writes The Washington Post. US Treasury Secretary Janet L. Yell... #EUfinancialAid #InflationinUkraine #JanetYellen
The EU plans to allocate $1.5B monthly in 2023. Ukraine is negotiating with the EU, the US, and the IMF to provide comprehensive support for Ukrainian public finances in 2023. This will ensure a predictable environment for business and the populati... #EUfinancialAid #ValdisDombrovskis #YuliyaSvyridenko
Germany promises to release €8B in aid from the EU. Germany will help Ukraine to quickly receive the next €8B in macro-financial assistance from the EU and will take the lead in this process, said German Finance Minister Christian Lindner. The Prime Mi... #EUfinancialAid #FinancialSupportforUkraine #macro_financialsupport
