The Ministry of Foreign Affairs of Ukraine believes that the EU summit did reach a "fundamental decision" to create a €50 billion Ukrainian Facility for 2024-2027.
The Ministry of Foreign Affairs said that the fundamental decision on €50 billion is a "clear signal that the EU's financial support for Ukraine will continue".
"We expect all the necessary legal procedures to be completed in January 2024, which will allow us to receive the appropriate funding as soon as possible," the ministry said.
The Ministry of Foreign Affairs clarified that the €50 billion allocated by the EU for Ukraine would be used, in particular, to maintain macroeconomic stability, restore and modernise Ukraine and accelerate integration into the EU.
The Ministry of Foreign Affairs also welcomed the approval of the 12th EU sanctions package at the summit and the commitment of the European Union and its member states to continue to meet Ukraine's urgent military and defence needs, in particular through the European Peace Facility (EPF) and the Military Assistance Mission, as well as through bilateral assistance from member states.
"We call on the EU to approve the new eighth tranche of assistance under the European Peace Facility as soon as possible. We support the European Council's proposal to accelerate work on reforming the EPF and increasing its funding to best meet Ukraine's military needs," the statement said.
