Ukraine has submitted to the European Commission the plan for the Ukraine Facility approved by the government and expects its approval and full launch of the four-year, €50 billion EU support program, Prime Minister Denys Shmyhal, who is on a visit to Brussels, said on Wednesday, UNN reports.
During the meeting in Brussels with the President of the European Commission Ursula von der Leyen, he handed over the Plan for the Ukraine Facility approved by the Government of Ukraine. This is an important step for the implementation of reforms and financial stability on Ukraine's path to the EU. We look forward to the approval of the Plan and the full launch of the Ukraine Facility program, worth EUR 50 billion for 4 years
He also pointed out that the EU had transferred the first tranche of the program in the amount of EUR 4.5 billion. "We appreciate the unequivocal and comprehensive support of the EU!" the Prime Minister said.
Recall
The government has previously approved the Plan for the Ukraine Facility, a 4-year, €50 billion EU assistance program aimed at implementing structural reforms based on European approaches and bringing Ukraine closer to EU membership, with the potential to receive about €16 billion this year.