Entry into force of the EU Regulation on the Ukraine Facility

Regulation (EU) 2024/792 of the European Parliament and the Council of the European Union on the Ukraine Facility entered into force, οn 29 February 2024, with a budget of €50 billion for the period 2024 until 2027.

The Regulation lays down the objectives of the Facility, its financing and budget for the period 2024 to 2027, the forms of Union funding under it and the rules for providing such funding.

The Facility shall provide support to Ukraine under the following three pillars:

Pillar I: financial support provided to Ukraine for the delivery of reforms and investments to implement the Ukraine Plan as well as to maintain the macro-financial stability of the country, as set out in Chapter III

Pillar II: a specific Ukraine Investment Framework to support investments and provide access to finance as set out in Chapter IV

Pillar III: technical assistance and related support to Ukraine to design and implement Union accession-related reforms and to foster Ukraine’s administrative capacity, borrowing costs subsidies and provisioning, as well as other relevant activities, as set out in Chapter V.

The full text of the Regulation is available in the Official Journal of the European Union

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