The Council of the European Union (EU) today approved the sending of almost EUR 3 billion under the Ukraine Mechanism after a positive assessment of Kyiv's ten-step compliance.
© Reuters
24/09/2026
by
Lusa
According to a Council statement, Ukraine has fulfilled 84 of the 95 steps required by the EU, which represents approximately 88% of the steps envisaged so far.
Financing under the Ukraine Facility is intended to enhance macro-financial stability, recovery and modernisation of Ukraine, maintain its public administration in operation and support its reform efforts.
Today, the Council also amended the Plan for Ukraine to include a welcome voluntary financial contribution from Norway of approximately EUR 92 million in the form of non-refundable support.
The mechanism entered into force on 1 March 2024 and provides EUR 50 billion in grants and loans to support Ukraine's recovery, reconstruction and modernisation by 2027.
Of this total, more than EUR 40 billion is intended for reforms and investments set out in the Ukraine Plan — the country’s road map for EU recovery and accession — and disbursements are conditional on Ukraine’s meeting the Plan’s targets.
As soon as the eighth disbursement is made, Ukraine will have received more than EUR 32 billion under the mechanism.