The permanent representatives of the EU countries have preliminary approved the Ukrainian reform plan, which is a condition for allocating 50 billion euros of macro-financial assistance to Kyiv until 2027, the representative office of Belgium, currently presiding over the EU Council, reported.
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“The ambassadors of the EU countries have previously agreed on a reform plan for Ukraine to receive financial assistance from the European Union until 2027 within the framework of the Ukraine Fund,” the presidency said in a statement.
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EU leaders at a special summit on February 1 in Brussels made a political decision to create a fund for financial assistance to Ukraine for the period until 2027 in the amount of 50 billion euros with a number of strict conditions. They also agreed to develop a mechanism and reporting according to which funding for Kyiv will be agreed upon and approved annually.
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At the end of March, the Ukrainian government reported that it had approved the plan necessary to receive financial assistance from the EU for 50 billion euros as part of a four-year program.
