The terms of Ukraine's €50 billion financing should be approved by the European Parliament at the February 26-29 session, Ukrainian Economy Minister Yulia Svyridenko said.

The terms of the Ukraine Facility will then be incorporated into a plan to be approved by the Ukrainian government and the European Commission. It will include requirements to carry out structural reforms in the public sector, the economy, and the development of the business climate and entrepreneurship.

Funds under the program will be disbursed quarterly, subject to certain criteria being met.

Ukraine expects to receive the first payment of EUR 4.5 billion in March.

The Cabinet of Ministers is currently working on a transitional financing agreement with European partners.

Out of the EUR 50 billion over 2024-2027, EUR 39 billion will be allocated to the state budget to strengthen macro-financial stability. 

EUR 8 billion is an investment tool to cover risks in priority sectors. Investors will be able to receive funding under this instrument through the EBRD, EIB and other international institutions.

3 billion will be used for technical support, including interest coverage on loans under the Ukraine Facility.