Suara Malaysia
ADVERTISEMENTFly London from Kuala LumpurFly London from Kuala Lumpur
Wednesday, November 6, 2024
More
    ADVERTISEMENTFly London from Kuala LumpurFly London from Kuala Lumpur
    HomeNewsHeadlinesEU governments give green light to 4.2 billion euros payout to Ukraine

    EU governments give green light to 4.2 billion euros payout to Ukraine

    -

    Fly AirAsia from Kuala Lumpur

    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)

    Wan
    Wan
    Dedicated wordsmith and passionate storyteller, on a mission to captivate minds and ignite imaginations.

    Related articles

    ADVERTISEMENTFly London from Kuala Lumpur

    Subscribe to Newsletter

    To be updated with all the latest news, offers and special announcements.

    Latest posts