Von der Leyen promises Ukraine new tranche under €50 billion programme by end of the year

European Commission President Ursula von der Leyen has announced that Ukraine will receive another tranche of aid under the Ukraine Facility programme by the end of 2024, with the total amount reaching €50 billion.

Von der Leyen reiterated at a press conference following the EU summit in Brussels that the Ukraine Facility provides €50 billion in investments over four years, from 2024 to 2027, which are allocated based on Ukraine's implementation of its reform plan.

"We see a lot of progress. Thanks to this progress, we have already disbursed over €12 billion and we expect another tranche to be disbursed before the end of the year," she said.

The previous tranche, amounting to nearly €4.2 billion, was released to Ukraine in August 2024 as part of the Ukraine Facility programme.