The Ukrainian government expects the European Commission to approve the reform plan under the Ukraine Facility in the coming weeks, which provides €50 billion in macro-financial assistance until 2027.

As reported by Interfax-Ukraine, Oleksii Sobolev, Deputy Minister of Economy of Ukraine for Digital Development, Digital Transformations and Digitalisation, stated that the government anticipates relatively quick approval of the Ukraine Facility reform plan, which was developed in close cooperation with the European Commission.

The Ukraine Facility is a tool to support Ukraine's economic development and recovery, with Kyiv receiving financial assistance based on jointly agreed-upon plans and priorities between the Ukrainian government and the European Commission.

The tool is intended for use in 2024-2027 and has a total cost of €50 billion. Ukraine has already received its first tranche of €4.5 billion.

On 18 March, the government approved a reform plan for the Ukraine Facility, which serves as the foundation for financial assistance from the European Union.