EU adopts Ukraine Facility program
Source: Ukraine’s economy ministry
The European Union has approved the plan for the Ukraine Facility program within which Ukraine will receive EUR 1.89 billion.
On May 14, the EU Council approved the plan for the Ukraine Facility.
The implementation decision paves the way for signing relevant documents on financing within the program, as well as further implementation of the Ukraine Facility in 2024-2027.
The approval of the plan will also allow the European Commission to provide Ukraine with up to 1.89 billion euros of unconditional financing.This sum is expected after the signing of the Framework Agreement by Ukraine and its ratification by the Verkhovna Rada.
Ukraine already received 6 billion euros of financial support in March and April this year for the successful implementation of 5 indicators of the first quarter. In the second quarter, it is necessary to fulfill 9 indicators, which will allow to receive 4.110 billion euros in September 2024.
Amendments to Ukraine’s enforcement proceedings legislation, initiated by the Ministry of Justice of Ukraine, have entered into force. Among other measures, the reform provides for the automated lifting of attachments on bank accounts immediately after debts in enforcement proceedings have been fully settled. The main practical benefit for citizens is the complete elimination of the need to contact an enforcement officer in person and wait for paper decisions once the debt has been paid.
The 157th Separate Mechanized Brigade has received another batch of supplies as part of Rinat Akhmetov’s Steel Front military initiative. This time, the military received seven quad bikes and four mobile shower and bath units.
In my previous column, I wrote about social innovations in Ukraine. Those innovations are part of civic resilience and the democratization of security, which Europe is paying close attention to right now. The EU is trying to work out how to spread responsibility for its own security across society as a whole, rather than leaving it to institutions alone. It is looking for concrete ways to bring ordinary people into the work of defense and resistance.
Petro Poroshenko’s lawyers have appealed to the High Anti-Corruption Court demanding that NABU be obligated to register proceedings regarding the fact of exerting influence on the court and to recognize Petro Poroshenko as a victim in the case of the Deputy Head of the Office of the President, Iryna Mudra, due to her pressure on Supreme Court judges who were considering a lawsuit to overturn sanctions.
Internationally recognized brands and financial institutions should direct capital to Ukraine now, not waiting for the hostilities to end. This was emphasized by Rinat Akhmetov, president of FC Shakhtar, during a working visit to UEFA headquarters in Nyon, Switzerland, where he met with UEFA President Aleksander Čeferin.