This agreement, concluded between Ukraine and the EU, involves a total amount of 50 billion euros.
Key Points of the Agreement:
Official Launch of the Ukraine Plan:
- The agreement officially initiates the implementation of the Plan of Ukraine, defining mechanisms for financial cooperation between Ukraine and the EU.
- Minister of Economy Yuliya Svyridenko explained that the ratification signifies the start of sustainable financial support for Ukraine.
Transparency and Control:
- Ukraine commits to maintaining a high level of transparency and control in the use of funds provided by the European Union.
- Mechanisms will be established to prevent corruption and strengthen institutional capacity for monitoring and control.
Coordination with the EU:
- The agreement ensures close cooperation between Ukrainian state authorities and EU institutions, aiding in Ukraine's European integration.
Pre-Financing and Regular Payments:
- A Financial and Credit Agreement will be concluded soon, allowing Ukraine to attract 1.89 billion euros in pre-financing this month.
- Ukraine will continue to receive regular payments based on the fulfillment of the Plan's indicators.
Background:
- On May 22, Minister Yuliya Svyridenko and EU Commissioner for European Neighborhood Policy and Enlargement Negotiations Oliver Vargei signed the Framework Agreement on financing, marking a significant step in Ukraine's path towards European integration and financial stability.
