Ukraine receives €150 million in EU grants

The European Union has transferred the second tranche of grant aid of €150 million to Ukraine's budget for rapid reconstruction.

As reported by the Ministry of Finance of Ukraine, the funds will be used to provide free meals for primary school children (€65 million), restore port infrastructure (€50 million), support agriculture (€20 million) and restore critical infrastructure (€15 million).

The funds are the second tranche under the agreement between Ukraine and the EU to finance the Support for Ukraine's Early Recovery programme, which has a total budget of €300 million.

Ukraine received the first tranche of €150 million in December 2023.

The European Union plans to provide Ukraine with over €30 billion in support in 2025, which will almost completely cover the Ukrainian budget's financial deficit.