EU approves first €4.2bn payment to Kiev ...News

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The funds are part of a €50 billion Ukraine funding project The European Council ambassadors have voted in favor of sending the first installment of the €50 billion plan to finance Ukraine through 2027. Known as the Ukraine Facility, the program was set up last summer, with the goal of providing “predictable financial support” to Kiev. “Today, Ambassadors adopted the first installment under the Ukraine Plan of the Ukraine Facility Regulation, paving the way for the transfer of nearly €4.2 bn to support Ukraine’s recovery, reconstruction, and modernization,” the Hungarian presidency of the council announced on X (f

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