The European Union has approved nearly €3 billion in new funding for Ukraine, including nearly €800 million provided for the first time through the Ukraine Support Loan. The payment is the eighth regular disbursement under the EU’s Ukraine Facility.

The funding will support Ukraine’s budget, recovery, modernization, and reform efforts as the country continues to fight Russia’s full-scale war and pursue EU membership.

Ukraine meets 88% of targets due so far

The latest payment follows Ukraine’s completion of 10 targets under its Ukraine Plan, the roadmap for reforms and investments linked to the Ukraine Facility. Ukraine has now completed 84 of the 95 targets required under the plan so far, according to the Council of the EU.

Funding under the Ukraine Facility is tied to Ukraine meeting these targets. It is intended to strengthen Ukraine’s macro-financial stability, keep public administration running, and support recovery and modernization.

The Ukraine Facility entered into force in March 2024 and provides more than €50 billion in grants and loans for Ukraine through 2027.

Norway adds €92 million

The EU also amended Ukraine’s plan to include approximately €92 million in non-repayable support from Norway.

Norway is the first non-EU country to contribute to Pillar I of the Ukraine Facility, which provides support through Ukraine’s reform and investment plan.

Sweden has provided more than €253 million in additional voluntary contributions over the past year, while the UK recently contributed more than €17 million to Pillar II, the Ukraine Investment Framework.

Ukraine has received more than €32 billion

Following the latest disbursement, Ukraine will have received more than €32 billion through the Ukraine Facility since mid-2024.

More than €40 billion of the facility’s total funding is earmarked for reforms and investments under the Ukraine Plan, with payments tied to Ukraine’s progress toward the agreed targets.

Ukraine's parliament passed a reform of the Asset Recovery and Management Agency (ARMA) on June 18, a key step toward European integration and a condition listed in the EU's Ukraine Facility plan.

The legislation passed with the support of 253 lawmakers "after months of obstructions... unblocking 600 million euros ($690 million) in EU funds," lawmaker Yaroslav Zhelezniak said.

The ARMA is Ukraine's national agency tasked with locating, recovering, and managing assets seized in criminal proceedings, namely during corruption cases.

Proposed reforms include stricter integrity and qualification standards for leadership candidates and merit-based hiring through open competitions involving civil society. They also call for independent external audits, clear deadlines for appointing asset managers, and the use of certified professionals held legally accountable for mismanagement.

The Ukraine Facility, an EU program providing Ukraine with 50 billion euros ($58 billion) in multi-year financial support contingent on reforms, set the end of March as the deadline for the ARMA's reform.

Anti-corruption experts, lawmakers, and Transparency International in Ukraine have backed the reforms, but discussions have dragged on for months since several versions of the bill were introduced in December 2024 and January.

The ARMA has long criticized the proposed legislation, arguing it had already carried out substantial and "transformative" reforms since 2023.

Transparency International reacted by saying that the ARMA's "public communication suggests that the agency’s primary concern is not the introduction of meaningful reforms, but ensuring that its current leadership can continue operating as it has."

Ukraine has embarked on extensive reforms as part of its efforts to join the EU and other Western structures, though Russia's full-scale invasion has presented fresh challenges to this effort.

Ukraine’s parliament passes bill on multiple citizenship

Ukraine’s parliament on June 18 supported a bill allowing Ukrainian citizens to hold passports of foreign countries, lawmaker Yaroslav Zhelezniak said.

The Kyiv IndependentMartin Fornusek