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On April 15, the European Commission announced that it had approved the Ukraine Plan, a reform and investment strategy for the next four years.
Under the plan, Ukraine would receive “regular and predictable” support under the EU’s up to 50 billion euros ($53 billion) Ukraine Facility. statement Said.
of european union approved Financial aid package to Ukraine In February, two-thirds of the amount was allocated to loans and one-third to subsidies. ukraine As part of the terms of receiving the funding, it agreed to implement a range of reforms.
Prime Minister Denis Schmihal Submit Ukraine facility plan Addressed to European Commission President Ursula von der Leyen on March 20th.
“Ukraine’s reform and investment strategy provides a solid foundation for rebuilding a more modern and prosperous Ukraine for the EU,” von der Leyen said.
“With today’s proposal, we have once again shown that Europe is ready to stand by Ukraine for as long as it takes and provide much-needed financial support.”
continue, of the committee After approval of the Ukraine Plan, Member States will have one month to adopt the Council Implementing Decision. The European Commission will then be able to provide up-front financing of up to 1.89 billion euros ($2 billion) until regular disbursements begin.
Regular payments from 2024 to 2027 will be made conditional on the implementation of the reforms and investment procedures set out in the Annex to the Board Implementation Decision.
“Financial support under the Ukraine Plan will be made available under the precondition that Ukraine continues to support and respect effective democratic mechanisms,” the statement said.
The Ukraine Plan identifies 69 reforms and 10 investments, categorized into 146 qualitative and quantitative indicators.
The reforms proposed under this plan cover 15 areas, including energy, agriculture, transport, green and digital transition, human capital, state-owned enterprises, business environment, finance, and decentralization.
The Ukraine Plan also aims to support Ukraine’s administration, cover salaries and pensions, and assist in reconstruction and reconstruction. Russia’s full-scale invasion continue.The plan also provides guidelines for the reconstruction and reconstruction of Ukraine..
EU allocates $544 million to expand ammunition production
The European Commission has allocated 500 million euros (approximately $544 million) to increase the EU’s ammunition production capacity to 2 million rounds per year by the end of 2025, the commission’s press office announced on March 15. did.
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