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The Council of the European Union on July 30 adopted a decision amending the Ukraine Facility and its associated Ukraine Plan, providing for an additional €8.3 billion in financing for Ukraine in 2026, the Council said in a statement.
“The amendments reflect an additional €8.3 billion in financing for 2026, provided through the Ukraine Support Loan, which was agreed by the European Parliament and the Council of the European Union in February this year,” the statement said.
The Council noted that the Ukraine Plan sets out “a roadmap of ambitious reforms” that Ukraine must implement before receiving disbursements under the Facility.
In line with a proposal by the European Commission, the amended Ukraine Plan also introduces additional reform measures, including in the areas of the rule of law and anti-corruption.
The Council recalled that the Ukraine Facility, which entered into force on March 1, 2024, provides more than €50 billion in stable financing, through grants and loans, to support Ukraine’s recovery, reconstruction and modernisation during the 2024–2027 period.
Since its entry into force, the Facility has already disbursed €6 billion in bridge financing, €1.89 billion in pre-financing, and seven instalments totalling approximately €21.6 billion.