Ukraine will receive the first tranche of the Ukraine Facility program, amounting to EUR 4.5 billion, in March. The second tranche, valued at EUR 1.5 billion, will be disbursed in April, as announced by Valdis Dombrovskis, Executive Vice President of the European Commission, during his visit to Kyiv on Friday, March 8.
"We are finalizing the mechanism of support for Ukraine, which is called the Ukraine Facility... The first tranche of this assistance in the amount of EUR 4.5 billion will be disbursed in March, and it will be followed shortly afterwards, in April, by EUR 1.5 billion," Dombrovskis stated.
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Valdis Dombrovskis arrived in the Ukrainian capital on March 8.
This tranche serves as bridge financing before the launch of the 4-year EUR 50 billion Ukraine Facility program.
On February 1, the European Union leaders' summit unanimously approved the allocation of EUR 50 billion to Ukraine under the Ukraine Facility program.
Previously, the European Commission proposed to establish a special mechanism for Ukraine that would provide grants and loans of up to €50 billion for the period until 2027. It is intended to replace the current EU support to Ukraine through the Macroeconomic Financial Assistance Program.
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