The European Commission has agreed to allocate 4.1 billion euros ($4.3 billion) to Ukraine under the Ukraine Facility program, European Commission President Ursula von der Leyen confirmed, on November 14.

The decision must be approved by the EU Council before the transfer.

“As we approach the 1,000th day of Russia’s atrocious war, we will help keep the Ukrainian state running while the country fights for its survival. We are here for the long haul,” he said. added. Von der Leyen said.

The EU gave the green light to the Ukraine Mechanism in February, and the EU Council approved the framework agreement in mid-May, defining the tasks of the Ukrainian government in recovery, reconstruction and modernization.

The European Commission also welcomed Ukraine’s recent reforms, which allowed it to receive the final financial tranche, the Prime Minister said. Denys Shmyhal said.

“We hope that the EU Council will approve the decision as soon as possible. After that, the total amount of assistance under the Facility for Ukraine for this year will amount to 16.1 billion euros ($17 billion),” Chmyhal added.

In mid-August, Ukraine received 4.2 billion euros ($4.6 billion) under the EU’s four-year financial support programme. kyiv also received several “bridge” tranches of pre-financing under the assistance plan earlier this year.

Ukraine received $42.5 billion last year, thanks to external funding from various donors, which allowed it to operate despite the ongoing war. THE International Monetary Fund said Ukraine will need about the same amount to support its budget this year.

According to Finance Minister Serhii Marchenko, current commitments are still not enough to cover the country’s needs, adding that Ukraine will likely need additional financing. 12 to 15 billion dollars in foreign financial support next year.

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