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 years.

According to the Minister of Finance of Ukraine, Serhiy Marchenko, the government must prepare a plan for the country’s recovery, reconstruction, and modernization and detail the reforms and investments that will need to be implemented as part of the EU accession process. Significant emphasis will be placed on public administration reform, good governance, the rule of law, the fight against corruption, and effective financial management.

The Ukraine Facility will include three main components:

1. financial support in the form of grants and loans
2. a special investment structure designed to attract and mobilize public and private investment to restore Ukraine
3. expert technical assistance to provide support reforms, municipalities, civil society, etc.

“Among other things, the Ukraine Facility will support the transition to a green, digital, and inclusive economy, which will gradually align with EU rules and standards,” Marchenko added.