The European Union, a huge transfer of over 4 billion euros to Kyiv. The total amount of aid is colossal
Prior to the 34th anniversary of Ukraine's independence, celebrated on August 24, the European Union transmits a clear signal of unwavering support, by unlocking 4.05 billion euros for the neighboring country of Romania. The transfer is one of the largest since the beginning of the war.
The EU has announced a financial aid of over 4 billion euros for Ukraine / source: Wh
The transfer includes 3.05 billion euros through facilitated for Ukraine and 1 billion euros through the exceptional macro-financial assistance (MFA) of the European Commission, according to a statement from the European Executive.
“As Ukraine celebrates the 34th day of Independence, the EU conveys a clear message: our solidarity with Ukraine is unwavering. Today's settlement of over 4 billion euros demonstrates our firm commitment. This new funding emphasizes our support not only for the recovery of Ukraine, but also for its future. said the president of the European Commission, Ursula von der Leyen.
The Commission settled the fourth regular payment, of over 3.05 billion euros, facilitated for Ukraine. This funding will strengthen Ukraine's macro-financial stability, strengthen public administration and support long-term essential reforms.
What conditions did Ukraine have to meet in order to have access to billions of euros received
Following the request for payment submitted by Ukraine on August 8, the Council approved the evaluation of the commission according to which Ukraine fulfilled 13 reform indicators related to this fourth regular quarterly payment. The key reforms are concerned about the public administration, the management of public assets, the human capital, the green transition, the regulation of the digital and agri-food sector and the management of critical raw materials.
This fourth regular payment demonstrates Ukraine's commitment to implement the ambitious reforms agreed in the Ukraine. Ukraine is about to receive up to 50 billion euros in grants and loans for the period 2024-2027 by facilitated for Ukraine.
The settlement comes in the context of Ukraine's continuous progress in the EU's adherence reforms, including the restoration of the independence of the National Anticorruption Bureau and the specialized anti -corruption prosecutor's prosecutor, on July 31. The protection of the autonomy of these two institutions represents a cornerstone of the anti -corruption architecture of Ukraine and its European path.
Ukraine receives another 1 billion euros through EU contribution to G7 loan
In addition, the European Commission settled the seventh installment of the exceptional macro-financial (MFA) loan for Ukraine, worth 1 billion euros. With this payment, the total loans of the Commission to Ukraine by MFA reach 9 billion euros from the beginning of the year, supplementing the assistance offered by other tools.
In total, the MFA amounts to 18.1 billion euros and represents the EU contribution to the initiative of extraordinary loans (Extraordin Revenue acceleration) led by G7, which collectively concerns about 45 billion euros to cover Ukraine's urgent needs. The loans were of the G7 partners, as well as the MFA loan of the EU, are repaid from the revenues from the fixed assets of the central bank of Russia, held by central depositors from the EU through the Cooperation Mechanism to Ukraine.
How much money has transferred the European Union to Ukraine since the beginning of military conflict
Since the beginning of the invasion of Russia in February 2022, the EU and its Member States have mobilized 168.9 billion euros in humanitarian, financial and military assistance for Ukraine and its citizens.
Since the beginning of the Russia's aggression war against Ukraine, the EU, together with its Member States, has unequivocally condemned Russia's actions and provided unprecedented support to Ukraine and its citizens. As the largest donor, the EU mobilized a total of 168.9 billion euros, including:
- 73.6 billion euros from the EU budget for humanitarian support, crises response, budget support and early reconstruction;
- 15 billion euros in bilateral assistance from the 27 EU Member States;
- 59.6 billion euros in military assistance, including a part funded by the European facility for peace;
- 3.7 billion euros coming from frozen and immobilized Russian assets.
In addition, the EU and Member States have mobilized at least 17 billion euros to support people fleeing Ukraine, according to the European Commission.
