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Ukraine Business Roundup — March 12

Ukraine Business Roundup — March 12
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Kyiv to receive $6 5 billion in EU transitional financing under Ukraine Facility

Based on the newly signed agreement, Ukraine's state budget should receive 4.5 billion euros ($4.9 billion) in transitional financing in March and the remaining 1.5 billion euros ($1.6 billion) in April "after the European Commission evaluates the completed indicators."

EU Council approves 50 billion euro aid package for Ukraine

The EU Council on Feb. 28 approved 50 billion euros ($54 billion) in loans and grants for Kyiv, giving the final go-ahead for the four-year Ukraine Facility tool.

Finance minister: Ukraine needs $3 billion per month in financial aid in 2024

"In 2023, Ukraine's financial system was stable, and the economy recovered faster than expected. The balanced policy of the Government of Ukraine, together with the consistent support of international partners, played a decisive role in our achievements," Finance Minister Serhii Marchenko said.

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