The European Union has provided €2.9 billion in financing under a financial assistance program supporting Ukraine’s economic recovery and its accession process to the European Union.
The European Commission said the assistance is intended to meet Ukraine’s financing needs, support the continuation of reforms and help maintain the functioning of its public administration.
Of this amount, €800 million came from the Ukraine Support Loan program, which has a total budget of €90 billion. The payment was made after Ukraine carried out reforms in the judiciary, financial markets, business environment, energy, transport, agriculture and green transition.
The European Commission said the payment was the eighth disbursement under the financial assistance program for Ukraine. With the latest installment, total support provided under the program has exceeded €32 billion.
Additional funding planned for Ukraine by year-end
Ukraine could receive an additional €33.7 billion in financial assistance by the end of the year. Of the planned support, €16.6 billion is expected to strengthen the capacity of the defense industry, while €17.1 billion is earmarked for budget support.
Future disbursements will depend on Ukraine fulfilling the agreed reforms and political conditions.
More than €50 billion in grants and loans
The European Union’s financial assistance program for Ukraine provides for more than €50 billion in grants and loans for the country’s financial stability, reconstruction and modernization during the 2024-2027 period.
The total size of the Ukraine Support Loan program covering the 2026-2027 period has been set at €90 billion. Of this funding, €60 billion will be allocated to strengthening Ukraine’s defense capacity and defense industry, while €30 billion will be used to maintain the state budget and essential public services.
