February 2, 2024, 14:48

50 billion euros EU aid package: how and what areas will the funding be covering 

The EU’s €50 billion in aid for Ukraine deal structure has already been agreed upon. However, within the disbursed funds, the specifics of channeling resources and their use are yet to be determined. For now, there are three main areas of assistance: macro-financial stability, investment, and technical assistance.

Vsevolod Chentsov, Representative of the Mission of Ukraine to the European Union, made this report during a briefing at the Media Center Ukraine – Ukrinform. 

“Let me remind you that these are three so-called pillars. The first is for macro-financial stability. The second is an investment pillar. The third is technical assistance. Obviously, most of the funds will be directed to support the country’s macro-financial stability. The investment pillar today is approximately 8 billion for the entire period. And technical assistance is much less. But this does not imply the European Union and other partners plan to seal the deals to provide us with all investment needs through this whole investment pillar. Rather, it is designed to prop up much-needed reforms in these key sectors that will contribute to amplifying both Ukraine’s development and reconstruction,” explained Vsevolod Chentsov.

Read more: https://mediacenter.org.ua/news