The Cabinet of Ministers of Ukraine approved the draft Ukraine Facility plan for submission to the European Commission. Prime Minister Denis Shmygal stated this at a government meeting on Friday, Interfax-Ukraine reports.
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“Today we are approving the draft Ukraine Facility plan for submission to the European Commission. Together with business, the public sector, the parliamentary corps, and the regions, we did a great job of creating it. While there are current developments, the European Commission will still provide its comments and proposals,” Shmygal said.
According to him, the final conditions of the program will be after the approval of the Ukraine Facility regulations by the European Council, whose meeting is scheduled for February 1, 2024 year.
Agreement by the European Commission on the final version of the plan will give Ukraine access to a financial resource of 50 billion euros for 4 years, of which 39 billion euros will be used to ensure macro-financial stability.