Ukraine has made financial arrangements with the European Union, which is transferring grant aid in the amount of €5.27 billion over the next four years.
This news was announced by the Ministry of Economy of Ukraine. According to the department, the decision to sign the property was praised at the meeting last year. Minister of Economy of Ukraine Yulia Sviridenko signed this document, which marks a new stage of cooperation with the EU.
" The signing of the agreement to obtain grant support for €5.27 billion over the next four years will ensure the stabilization of the macroeconomic and financial situation in the country and provide the necessary resources for “Improvements of key sectors of the economy,” said Sviridenko.
This is the remaining amount necessary to restart the Ukraine Facility programs. According to Sviridenko, she will help ensure the stability of the Ukrainian economy and support strategic initiatives in the country.
An important part of the warehouse program is the essential part of budgetary support, which includes both credit and grant funds.. The total amount of support will be €38.27 billion. The program transmits the necessary financial tranches based on the quarterly chart and indicators to ensure a constant financial support in the minds of current economic investors.
This benefit reinforces the importance of cooperation between Ukraine and the EU and demonstrates the European Union’s readiness to support Ukraine in its economic and social development. Sustainability of assets will help improve economic stability and create new opportunities for the development of various sectors, including infrastructure, energy and rural government.
Officials of Ukraine expressed confidence that cooperation with the EU within the framework of the Ukraine Facility will become a strong impetus for the further development of the country and its acceptable integration into the European Union.
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