Ukraine to receive 6 billion euro from EU in next two months, PM says

Ukraine will receive €6 billion from the European Union via its four-year Ukraine facility in the next two months

Ukraine will receive €6 billion from the European Union via its four-year Ukraine facility in the next two months, Prime Minister Denys Shmyhal said on Friday (Mar 8).

The government expects to receive €4.5 billion in March and another €1.5 billion in April, Shmyhal told a government meeting.

"This year, we aim to receive about €16 billion from the European Union. Ukraine will have the resources to fight and win. It is our key objective and we will do everything possible for it," Shmyhal said.

With the war against Russia now in its third year, Ukraine is critically dependent on economic and military support from its Western allies.

Billions in economic aid in the first two years of the war helped the government to maintain macroeconomic stability, tame inflation and ensure timely payments of pensions and public sector wages.

Ukraine channels most of its domestic budget revenues to fund its defence efforts.