EU and Kyiv finalize €3.2 billion Ukraine budget support deal
Qabil Ashirov
Read moreThe European Commission and Kyiv have completed negotiations on the allocation of a €3.2 billion budget grant to Ukraine, with disbursement expected in mid-June under a broader €90 billion financing program for 2026–2027, EU officials said, AzerNEWS reports.
European Commissioner for Economy Valdis Dombrovskis said that both sides have finalized discussions on a memorandum of understanding, which sets out the European Union’s reform conditions in exchange for financial assistance.
“This memorandum reflects the EU’s reform requirements in exchange for financing and is necessary for the provision of budget support to Ukraine,” Dombrovskis told journalists.
He added that the €3.2 billion tranche will be released in mid-June, provided that the memorandum is ratified by the Ukrainian parliament.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!