- The whole package is €4.05 billion, which includes €3.05 billion from the Ukraine Facility (the fourth regular payment) and €1 billion in extraordinary Macro-Financial Assistance (MFA).
- – So far, €22.7B has been given to the facility since March 1, 2024. This is about 60% of the money that the Ukraine Plan has set aside.
- – Since February 2022, the EU and its member states have sent €168.9 billion to Ukraine for humanitarian, financial, and military purposes.
The Big Picture
Two days before Ukraine’s 34th Independence Day on August 24, the European Commission announced a fresh €4.05 billion disbursement to Kyiv — a clear sign of continued European solidarity. The package comprises €3.05 billion under the Ukraine Facility and €1 billion in exceptional MFA. >
What’s New
The Commission said that it’s fourth regular Ukraine Facility payment — more than €3.05 billion — is aimed at shoring up macro-financial stability, supporting public administration, and advancing long-term reforms. With this tranche, Facility support has reached €22.7 billion since March 1, 2024, representing nearly 60% of the Ukraine Plan’s available funds.
The latest payment follows the Council’s August 8 endorsement of the Commission’s assessment that Ukraine met 13 reform indicators tied to this quarterly disbursement, the commission said. Completed actions span public administration, management of public assets, human capital, the green transition, regulation of digital and agri-food sectors, and management of critical raw materials, according to the announcement.
In parallel, the Commission disbursed a €1 billion MFA tranche — part of the G7-led Extraordinary Revenue Acceleration (ERA) loans. The EU’s contribution under this MFA totals €18.1 billion, with repayments financed by proceeds from immobilised Russian sovereign assets held in the EU through the Ukraine Loan Cooperation Mechanism, according to the announcement.
What They Are Saying
Context
Since Russia’s full-scale invasion in February 2022, the EU and its Member States have mobilized a total of €168.9 billion for Ukraine and its people. That includes €73.6 billion enabled by the EU budget for humanitarian support, crisis response, budget support, and early recovery and reconstruction; €15 billion in bilateral assistance from Member States; and €59.6 billion in military aid, including a share via the European Peace Facility. A further €3.7 billion comes from proceeds generated by frozen and immobilised Russian sovereign assets, while at least €17 billion has supported people fleeing the war.
The Facility — up to €50 billion in grants and loans for 2024–2027 — ties quarterly disbursements to reform benchmarks. The latest payment lands as Ukraine advances EU-accession-related reforms, including the Verkhovna Rada’s July 31 measures restoring the independence of the National Anti-Corruption Bureau and the Specialized Anti-Corruption Prosecutor’s Office, key pillars of the anti-corruption framework.
What’s Next
Further quarterly Facility payments will depend on continued delivery of reform indicators under the Ukraine Plan. MFA support under the ERA framework is expected to proceed alongside, with repayments funded by proceeds from immobilised Russian assets. The Commission has indicated it will maintain budgetary and technical support while Ukraine pursues accession-linked reforms.
The Bottom Line
Europe’s latest €4.05 billion package reinforces both near-term stability and longer-term reforms — a financial and political commitment timed to Ukraine’s Independence Day and tied to measurable progress on its EU path.
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