EU Council Approves €50B Ukraine Support Plan Through 2027 Amid Funding Urgency

The European Commission is preparing funding proposals for Ukraine for 2026-27, with a key focus on utilizing frozen Russian sovereign assets to address a potential funding deficit by early 2026. International financial institutions, including the European Commission, EIB, and World Bank, have approved additional funding under EU guarantees for projects in agriculture, transport, healthcare, housing, and water infrastructure to support Ukraine's recovery and development. Ukraine is also taking legislative steps to join the OECD Anti-Corruption Convention, reflecting progress in anti-corruption reforms and aligning with its EU integration commitments. Additionally, Ukraine is advancing the implementation of the EU acquis in agriculture, aiming to harmonize market rules and improve access to the EU Single Market, with ongoing preparations for accession talks. The EU Council has approved amendments to Ukraine's Plan under the Ukraine Facility program, ensuring continued financial support totaling €50 billion for 2024–2027 to aid macroeconomic stability, reconstruction, and modernization. These coordinated efforts highlight sustained international support and Ukraine's commitment to reforms amid ongoing challenges.