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EU Solidarity with Ukraine
Getty Images / Sergei Supinsky
The Ukraine Facility

Supporting Ukraine’s recovery, reconstruction, and path towards EU accession

What is the Ukraine Facility?

To help Ukraine in its recovery, reconstruction and modernisation efforts, the EU will launch a new support mechanism for the years 2024 to 2027. The Ukraine Facility is a dedicated instrument which will allow the EU to provide Ukraine with up to €50 billion in stable and predictable financial support during this period.  

The Facility underlines the EU’s commitment to supporting Ukraine in the face of Russia’s ongoing war of aggression and on its path towards EU membership. 

Europe will be at Ukraine’s side for every single day of the war, and for every single day thereafter. Europe is true to its word. We will continue to deliver much-needed funding and predictability for our brave partner and aspiring member.

Ursula von der Leyen, President of the European Commission

Aims of the Facility

Support Ukraine's recovery, reconstruction and modernisation

Support Ukraine’s financing needs to allow the government to deliver uninterrupted public services

Mobilise investments in Ukraine’s private sector for fast economic recovery and reconstruction

Support Ukraine to make the reforms needed on its path to EU accession

Support the broader Ukrainian society by helping to address the social consequences of the war

How does the Facility work?

The Facility is organised around three pillars: 

How will the support be financed?

To finance the loans to Ukraine, the European Union will raise up to €33 billion on the financial market until end of 2027 by issuing EU bonds under the unified funding strategy.  

Grants will be financed through the EU annual budget under a new special instrument called the Ukraine Reserve. This instrument will be mobilised every year as part of the annual budget procedure to take into account the progress Ukraine makes in implementing reforms and using investments.

What are the conditions of the support?

To obtain the support, Ukraine must implement its recovery and reform plan and also uphold 

  • democratic mechanisms, including a multi-party parliamentary system 
  • the rule of law 
  • human rights, including the rights of persons belonging to minorities 

Once the Commission can verify that the conditions have been fulfilled, payments to Ukraine will occur on a fixed schedule every quarter. While elements of the Facility are being put in place, the EU can provide immediate support to Ukraine of up to €1.5 billion per month for a limited period. 

The European Commission and Ukraine will need to protect the EU’s financial interests by countering fraud, corruption and conflicts of interest. A dedicated Audit Board will assist the Commission by regularly reporting on the funds that are spent to achieve the Facility’s aims. 

In addition, the European Council may hold a debate every year on the implementation of the Facility, based on a Commission report. If necessary, in two years' time the European Council will invite the Commission to make a proposal for a review of the Facility in the context of the next long-term EU budget. A regular Ukraine Facility Dialogue with the European Parliament will also take place at least every four months.