On Tuesday, April 1st, the European Commission transferred another tranche to Ukraine under the Ukraine Facility program.

This was reported by Prime Minister Denys Shmyhal, as stated by "European Truth".

The European Commission allocated 3.5 billion euros to Ukraine within the framework of the Ukraine Facility. Shmyhal noted that this funding will help the country maintain macroeconomic stability.

"The European Commission recognized our country's commitment to implementing reforms on the path to full EU membership," he stated.

The Prime Minister mentioned that the total financial assistance under the Ukraine Facility mechanism has reached 19.6 billion euros.

Economy Minister Yulia Svyrydenko explained that from the received 3.5 billion euros, 3.1 billion are concessional loans and 400 million are grant funds. This money will help cover important and priority budget expenditures.

According to her, financing was received after Ukraine met all the conditions of the Ukraine Plan for the fourth quarter of 2024. In total, this involves 13 indicators – harmonization of Ukrainian legislation with European norms, strengthening digital transformation, and energy independence.

"Overall, last year we fulfilled 36 indicators. For the first time in Ukraine's history, all the defined indicators for the year of the reform program were completed. This year our goal is even more ambitious – to fulfill 56," she added.

It is worth noting that in 2024, the G7 agreed on a joint loan to Ukraine amounting to 50 billion dollars from Russian assets: the funds will be formally provided as a loan but will be repaid from the income generated from frozen Russian assets.

On March 20, the European Commission transferred an additional tranche of 1 billion euros to Ukraine.

On the same day, European Commission Vice President Valdis Dombrovskis stated that the EU will continue financially supporting Ukraine in 2025 from the profits of frozen Russian assets and under the Ukraine Facility plan.

The program for Ukraine Ukraine Facility, which came into effect on March 1, 2024, provides for the provision of up to 50 billion euros in stable financing in the form of grants and loans to support the recovery, reconstruction, and modernization of Ukraine from 2024 to 2027.