Ukraine in the EU: Europe approves reform plan to allocate 50bn euros in aid to Kyiv
As part of the Ukraine Facility programme, the Ukrainian government has developed a reform plan to receive 50bn euros of European aid. The European Commission, in its turn, recommended the member states of the bloc to approve this plan. Find out what reforms Kyiv is waiting for
The European Commission has approved a reform plan under the Ukraine Facility programme. The move paves the way for regular and anticipated support for Ukraine of up to €50bn until 2027.
"Funding under the Facility will help Ukraine maintain administration, pay salaries and pensions, provide basic public services and support recovery and rebuilding while it continues to defend itself against Russian aggression," the European Commission stressed.
According to the European Commission's assessment, the reform plan "effectively meets the objectives of the Ukraine Facility by identifying key reforms and investments that can contribute to sustainable economic growth and attract investment to enhance the country's growth potential in the medium and long term".
The plan also provides a framework for Ukraine's recovery and contains adequate mechanisms to protect the EU's financial interests.
After the European Commission's assessment, the reform plan will require one month's approval by the EU member states. After that, the European Commission will be able to allocate up to €1.89bn in pre-financing before regular payments begin.
Visit Ukraine on social media: Telegram | YouTube | Instagram | Facebook | Twitter | TikTok
What is the Ukraine Plan?
The Ukraine Plan defines 69 reforms and 10 investments, broken down into 146 qualitative and quantitative indicators. These reforms cover 15 areas, including energy, agriculture, transport, green and digital transition, human capital, as well as state-owned enterprises, business environment, public finance and decentralisation.
It is worth noting that in March 2024 Ukraine has already received the first tranche from the background in the amount of 4.5 billion euros.
Is Ukraine in the EU
Ukraine and Ukrainian citizens have long considered themselves part of the European family, but the EU has previously been slow to invite the Ukrainian state to join the bloc.
Ukraine formally applied for European Union membership on 28 February 2022, shortly after Russia launched a full-scale invasion. It was a significant step, emphasising Ukraine's desire to strengthen ties with the West and provide greater security and stability.
The European Commission recommended that Ukraine be granted candidate status for accession as early as 17 June 2022, which was a surprisingly quick development given the usually lengthy application process. The move underlined the EU's solidarity with Ukraine in light of the military conflict and showed the bloc's willingness to support countries facing aggression and seeking democratic reforms.
Already on 23 June, Ukraine received the status of a candidate for membership in the European Union.
We remind you! Against the backdrop of the war in Ukraine, European countries have increased the production of weapons and launched some of the largest exercises in history. These facts may indicate the preparation of a direct clash with russia. What senior EU officials say on this matter and what warnings Europeans are receiving, read here.
Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.
Our recommendation for a safe and comfortable trip:
Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;
Green Card - compulsory car insurance for traveling abroad;
Visit Ukraine Tickets - book tickets for buses, trains, and airplanes to/from Ukraine and between cities around the world;
Private Lawyer service - professional legal support on visa and migration issues;
Visit Ukraine Merch - buy patriotic clothing and accessories with worldwide delivery.
© 2018-2024, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.
All rights reserved.
Recommended articles
3 min
War
Unfortunately, the war continues and an increasing number of Ukrainians are facing the consequences of hostilities and missile attacks from the russian federation. Our lawyers told you how to act if your home was damaged or completely destroyed as a result of the russian invasion
28 Mar. 2024
More details2 min
Popular
The Ministry of Finance of Ukraine has developed an analytical tool (dashboard) on salaries and the number of employees in state bodies. Find out how much civil servants will earn and what else the Ministry of Finance proposes to ensure the efficient use of state budget funds
31 Mar. 2024
More details2 min
For refugees
Even with work: how many Ukrainians face financial difficulties in the Czech Republic?
About a third of Ukrainians in the Czech Republic have managed to find a job, but some of them are still struggling financially. Find out who is more likely to face these problems
09 Apr. 2024
More details1 min
Finance
New financial assistance for children introduced in Ukraine: who can receive payments
The Ukrainian government has announced the introduction of a new financial support program for children who have lost parental care. Find out more about who exactly is eligible for support and how much you can expect to receive
15 Apr. 2024
More details
The simultaneous stay of visitors in the hotel lobby not more than one person per 10 square meters of serviceable area is allowed.
Persons can visit hotels and stay there (outside hotel room) only if they wear respirator or face mask (including homemade mask), so that the nose and mouth are covered.
Hotel guests are obliged to keep the 1.5 meters distance.
Online check-in making in advance is recommended to avoid queues at check-in to hotel.
Meals in hotels are provided through meals delivery service to rooms upon prior order or at hotel restaurants situated inside or in open areas, provided the distance of at least 1.5 meters between seats at adjacent tables.
Not more than 4 clients are allowed to stay at the table (excluding children under 14 years old). Unless these tables are separated by a special partition;
Self-serve is not allowed.