16:12 24.02.2024

First tranche of EUR 4.5 bln to arrive in Ukraine in March – meeting of von der Leyen, Shmyhal

1 min read
First tranche of EUR 4.5 bln to arrive in Ukraine in March – meeting of von der Leyen, Shmyhal

Prime Minister of Ukraine Denys Shmyhal and President of the European Commission Ursula von der Leyen held a meeting in Kyiv, where, in particular, they discussed issues of financing, Ukrainian exports, and cooperation in the defense industry.

"We talked about our cooperation in the field of defense industry and coordinated the next steps within the framework of the Ukraine Facility initiative, which provides financing in the amount of EUR 50 billion for four years. Ms. Ursula said that the first tranche in the amount of EUR 4.5 billion will be received in March," Shmyhal wrote on the Telegram channel.

In addition, the parties talked about the situation on the Ukrainian-Polish border. "I presented the Ukrainian ‘Mutual Understanding Plan to resolve this crisis. We look forward to a constructive trilateral dialogue," Shmyhal said.

In turn, von der Leyen wrote on the social network X: “We discussed next steps on the €50 billion Ukraine Facility. The first payment of EUR 4.5 billion will come in March. We discussed how to deal with Ukrainian exports and tackle issues at the land border. And our joint work on the defence industry.”

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