The Ministry of Economy plans to present the first draft of the Ukraine Plan in early November, prepare the final document at the end of November, in order to officially present it in the European Union in December as part of the EUR 50 billion financial support allocated by the EU for 2024-2027 within the Ukraine Facility, said First Deputy Minister of Economy Serhiy Sobolev.

“The Ukraine Plan allows building a clear and high-quality basis for work for the next 4 years. On the basis of the Plan, it will be possible to qualitatively structure all the work and unite all our other partners,” he emphasized at the conference “Regional Dimension of the Ukraine Plan” in Kyiv on Friday.

“But this is not a plan for everything, this is only part of what the government is going to do, this is a plan for the most basic things,” Sobolev noted.

He recalled that the Ukraine Facility involves the allocation of EUR 39 billion in loans for a period of up to 35 years with payments starting in 2034, as well as grants for budgetary support and support for the Ukraine Plan with the allocation of funds tied to the implementation of the measures provided for in this document.

According to the first deputy minister, another EUR8 billion are grants within the framework of the Ukrainian Investment Framework, which is aimed at attracting funds from international financial organizations and private investors in order to increase the total volume of such funds to about EUR30 billion, “and maybe EUR40 billion.” As Sobolev clarified, the following areas for these funds are proposed: guarantees for investments (the Ukrainian Guarantee), covering credit risks and risks of investment in capital. He added that this financing will be available to cities and communities, state-owned enterprises and private companies, and will come through international financial organizations.

Another EUR 2.5 billion is grants, technical assistance and other support measures, including covering interest on EUR 39 billion loans (approximately EUR 1-1.5 billion), financing work to bring the Russian Federation to justice, as well as about EUR 500 million for the administration of the Ukraine Facility program itself - the salaries of everyone who takes part, primarily in the EU.

As the official noted, in order to minimize the risks of misappropriation of funds, the Plan involves reform of state audit and control, including reform of the State Audit Service and the Accounting Chamber. In addition, an independent Audit Council formed by the EU will be created. Access to all documents of the European Anti-Fraud Office (OLAF) and the European Court of Auditors, the European Public Prosecutor's Office (EPPO) is also provided.