EU Requires Ukraine to Implement 25 Reform Programmes for Aid Disbursement

Moscow (ANTARA) - Ukraine must implement commitments under 25 domestic reform programmes in order to receive aid worth €10 billion (around Rp205.6 trillion) from the European Union under the framework of a €90 billion (around Rp1,854 trillion) loan and the Ukraine Facility.

According to a report by the Ukrainska Pravda news portal citing several sources on Tuesday (28/7), Ukraine must receive €2.86 billion (around Rp58.82 trillion) to carry out seven reforms, including the enactment of a law on the transparent and fair selection of senior prosecutors, as well as simplified bankruptcy procedures for small and medium-sized enterprises.

Ukraine also has the opportunity to obtain an additional €7.5 billion (around Rp154.5 trillion) in 2026 if the Eastern European country implements 18 reforms.

Among the reform steps demanded by the European Union are the appointment of independent supervisory boards at state-owned companies, the implementation of an updated information technology system for enforcing court rulings, and major investment in education and health.

The previously agreed €90 billion loan for Ukraine consists of two parts: €30 billion (around Rp617 trillion) allocated as macro-financial assistance for Ukraine’s budgetary needs, and €60 billion (around Rp1,234 trillion) allocated separately for military expenditure and the development of the defence industry.

The first tranche of the loan, amounting to €3.9 billion (around Rp80.2 trillion) for the purchase of unmanned aerial vehicles (drones), was transferred to Ukraine on 30 June.

Earlier, on 25 June, Ukraine also received the first tranche of macro-financial assistance worth €3.2 billion (around Rp65.81 trillion) under a similar programme.

Source: Sputnik/RIA Novosti