European Commission reacts positively to Kiev's request for second payment on Ukraine Plan in amount of 4.1 bln euros

BRUSSELS. Nov 14 (Interfax) - The European Commission on Thursday supported the second regular payment in an amount of some 4.1 billion euros under the EU's Ukraine Facility to support macrofinancial stability and functioning of state administration.

"Today's positive assessment by the Commission of Ukraine's 4.1 billion euros payment request is further proof both of Europe's steadfast commitment to Ukraine, and of the country's impressive progress in driving forward important reforms to advance on its EU path [...]," European Commission President Ursula von der Leyen said.

The European Commission press service said in a communique the European Commission came to the conclusion, after assessing Kiev's request for the second tranche made in October, that "Ukraine has satisfactorily fulfilled the nine agreed reform indicators for this payment."

These reforms, in particular, embrace areas such as the fight against corruption, business environment, labor market, regional policy, energy market, and environmental protection, the document said.

"Once adopted by the Council [of the European Union], this decision will bring to 16.1 billion euros the total funds disbursed in 2024 in support of the Ukraine Plan," the communique said.

The funding will be provided to Kiev after a resolution of the Council of the European Union on the European Commission's proposal and after the European Commission's decision on the payment, the document said.