FILE PHOTO: Ukrainian service personnel use a searchlight as they search for drones in the sky over the city during a Russian drone strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 31, 2024.  
Ukraine

Ukraine to Receive First $4.58 Billion Aid Payment from EU

European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the 50 billion euros the EU has set aside as financial support for Kyiv

BRUSSELS (Reuters) - European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the 50 billion euros the EU has set aside as financial support for Kyiv, the governments, called the EU Council, said in a statement.

The money will come in a mix of grants and loans after Ukraine has met the conditions for disbursement that included reforms of public financial management, governance of state-owned enterprises, business environment, energy and de-mining.

The 50 billion euro fund for 2024-2027 was agreed by EU governments in March. So far Ukraine received from it 6 billion euros in bridge financing and 1.9 billion euros in pre-financing.

($1 = 0.9164 euros)

(Reporting by Jan Strupczewski; Editing by Tomasz Janowski)

Also Read

Southern Europe battles wildfires as heatwave intensifies

Hurricane Erin weakens to Category 3 in Atlantic

Wildfires rage in Portugal and Spain amid summer heat wave

World Athletics to require gene test for female athletes

French voice of Ben Affleck fights to save dubbing in AI era