Ukraine nets 2.9 billion euros from EU after passing reforms

On October 2nd, Ukraine received 2.9 billion euros ($3.3 billion) in financial support from the European Union, following the implementation of key reforms. European Commission President Ursula von der Leyen announced the payment in a press statement, emphasizing the EU's ongoing support for Ukraine amid its defense against Russian aggression.

The funds were authorized by the EU on September 23rd, with European solidarity ensuring concrete assistance for Ukraine. President Volodymyr Zelensky highlighted the importance of this timely support in ensuring macro-financial stability and strengthening Ukraine's defense capabilities. The disbursement occurred a day after discussions between the EU and Ukrainian government officials about Ukraine's 2026 financial situation, with precise figures remaining uncertain.

Kyiv reaffirmed its commitment to previously agreed-upon reforms, while Brussels clarified the available support amount. The reforms that triggered the latest payment are part of the Ukraine Plan, a set of changes aimed at advancing Ukraine's EU membership bid, improving state institutions, and unlocking financial aid from the bloc.

These reforms include alterations to judges' integrity declarations, the appointment of a new electricity market operator, efforts to address the gender pay gap, and laws to enhance traffic safety. Additional reforms are anticipated as the parliament reconvenes on October 12th, potentially unlocking more than 20 billion euros ($23 billion) in financial assistance for 2026.

Prime Minister Serhii Koretskyi stressed the ongoing need for funding, emphasizing the swift adoption of government decisions and the rapid passage of necessary bills by the parliament.