Ukraine to receive €4.1 billion from EU Council
Source: The Council of EU
Ukraine is set to receive close to €4.1 billion in funds after the EU Council greenlighted the second regular payment of grants and loans under the EU’s Ukraine Facility. The move is set to prop up Ukraine’s “macro-financial stability and the functioning of its public administration”.
Introduced in March 2024, The Ukraine Facility earmarked up to €50 billion in grants and loans to help Ukraine’s recovery, reconstruction, and modernisation.
The decision adopted on Monday will see the funds sent to Kyiv “as soon as possible, given the difficult fiscal situation” in the country.
In May 2024 the Council concluded that the Ukraine Plan fulfilled the preconditions for Ukraine to receive up this hefty funding under the Ukraine Facility, and in August the first EU instalment was disbursed.
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.