What is the Ukraine Facility?
To help Ukraine in its recovery, reconstruction and modernisation efforts, the EU has launched a new support mechanism for the years 2024 to 2027. The Ukraine Facility is a dedicated instrument which will allow the EU to provide Ukraine with up to €50 billion in stable and predictable financial support during this period.
Of this amount, up to €33 billion will be provided in the form of loans. To finance these loans, the EU will issue EU-Bonds under its unified funding approach.
Aims of the Facility
- Support Ukraine's recovery, reconstruction and modernisation;
- Support Ukraine’s financing needs to allow the government to deliver uninterrupted public services;
- Mobilise investments in Ukraine’s private sector for fast economic recovery and reconstruction;
- Support Ukraine to make the reforms needed on its path to EU accession;
- Support the broader Ukrainian society by helping to address the social consequences of the war.
What are the conditions of the support?
To obtain the support, Ukraine must implement its recovery and reform plan and also uphold:
- democratic mechanisms, including a multi-party parliamentary system;
- the rule of law;
- human rights, including the rights of persons belonging to minorities.
More information regarding the Ukraine Facility can be found on the dedicated webpage.