Kiev to receive €3.5 billion aid tranche from EU

The European Council has approved the third installments to Kiev of 3.5 billion euros in grants and loans under the Ukraine fund.

To get financing, Ukraine has implemented 13 necessary steps. Among them were reforms to increase usage of renewable energy sources, simplifying border crossing procedures in line with the EU standards, and adopting an agricultural development strategy. With this third installment, Ukraine will get about 20 billion under the Ukraine Fund since its establishment a year ago.