Zelenskyy on new EU tranche of almost €3 billion: Very timely support

President Volodymyr Zelenskyy has welcomed the European Commission's allocation of a new €2.9 billion tranche of financial assistance to Ukraine, noting that the parties are working together to fulfil the remaining agreements on macro-financial support.

Source: Zelenskyy on X (Twitter), as reported by European Pravda

Details: Specifically, President Zelenskyy thanked European Commission President Ursula von der Leyen and EU member states for the decision to disburse €2.9 billion to Ukraine under the Ukraine Facility.

Quote from Zelenskyy: "This support is especially timely and will help ensure Ukraine's macro-financial stability and strengthen our defence capabilities. We are working together in full coordination to implement all our agreements. I thank the European Union for its assistance and unwavering solidarity."

Background:

• On 2 October, the European Commission allocated a regular €2.9 billion tranche to Ukraine under the Ukraine Facility mechanism; part of the funds was provided through a €90 billion support loan.
• European Pravda has detailed the reforms Ukraine has implemented to receive this tranche.
• Media reports indicate that EU leaders plan to urge Ukraine to accelerate its work on internal reforms, which will enable it to receive the billions of euros in financial support planned for 2026.
• On 30 July, the Council of the EU approved an updated reform plan under the Ukraine Facility mechanism, which will allow Ukraine to receive €8.3 billion in 2026 to cover its budget needs.

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Originally reported by Ukrainska Pravda by Olha Kovalchuk,STANISLAV POHORILOV. Read the full story at the source.