Ukraine to receive €6 billion from the EU in the next two months

The Ukrainian government has approved a draft memorandum and loan agreement under the Ukraine Facility to raise €6 billion in the spring of 2024. This was announced by Prime Minister Denys Shmyhal at a meeting of the Cabinet of Ministers, according to the Government Portal.

According to him, the adoption of these documents will allow to receive up to €4.5 billion in March this year and up to €1.5 billion in April.

The Ukraine Facility, which was launched by the EU, is a four-year program worth €50 billion. The Prime Minister reminded that it provides €38.2 billion in direct budget support, almost €7 billion to attract investment in the Ukrainian economy, as well as €4.7 billion in technical and administrative support, including reforms on the path to the European Union.

«This year we are seeking to receive about €16 billion from the EU. We are grateful to our European friends for this solidarity and assistance,» said Denys Shmyhal.

Last week, the European Parliament’s Committee on International Trade (INTA) unanimously supported the European Commission’s proposal to extend duty-free trade for Ukraine for another year, until June 2025, said Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine.

As GMK Center reported earlier, the European Commission has proposed to extend the agreement on liberalization of road freight transportation (transport visa-free regime) with Ukraine and Moldova at least until the end of 2025. It is also considering adding new clauses to facilitate the implementation of the agreement and ensure its compliance by member states.

  • Industry

Ukraine increased exports of long rolled products by 43% y/y in January-May

In January-May 2025, Ukrainian steel companies increased their exports of long rolled steel by 43.3%…

Saturday July 5, 2025
  • Companies

Interpipe calls for the creation of patronage services even before demobilization

The industrial company Interpipe shared its experience of reintegrating veterans at the HR Wisdom Summit…

Saturday July 5, 2025
  • Industry

The USPP calls on the government to initiate a postponement of CBAM for Ukrainian exports

The Ukrainian Union of Industrialists and Entrepreneurs (USPP) has appealed to the Cabinet of Ministers…

Friday July 4, 2025
  • Industry

Steel market participants warn of risks in the new EU state aid program

Steel market participants and industry observers warn that the new EU state aid framework program…

Friday July 4, 2025
  • Industry

Ukraine imported 297,700 tons of metallurgical coke in January-May

In January-May 2025, Ukrainian steelmakers increased imports of coke and semi-coke (HS 2704) by 39.9%…

Friday July 4, 2025
  • Global Market

US steelmakers shipped 7.51 million tons of steel in May – AISI

In May 2025, US steelmakers shipped 7.51 million net tons of steel, up 1% from…

Friday July 4, 2025