The EU is preparing a program to support Ukraine worth tens of billions of euros.

The program was designed for the next four years, until 2027, sources among European diplomats and officials told FT. This long-term planning 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 specific amount of financial assistance has not yet been determined, but it is already known that the package will be tied to Ukraine’s implementation of specific reforms. The European Union will monitor that Ukraine spends this money correctly. The official proposal from the European Commission can be prepared for the conference on Ukraine’s restoration, which will be held in London on June 21-22.