**EU Transfers 3.7 Billion Euros to Ukraine**
The European Commission gave 3.5 billion euros ($3.77 billion) to Ukraine on April 1. This was announced by Prime Minister Denys Shmyhal on social media.
The money will help keep Ukraine’s economy stable. In total, the EU has given 19.6 billion euros ($21.1 billion) to Ukraine under the Ukraine Facility program.
**Ukraine’s Leader Thanks EU**
Shmyhal said that with this new funding, Ukraine is “firmly on the path to sustainable peace, recovery, and a European future.” He thanked the EU for their support.
**What Will the Money Be Used For?**
The latest tranche of money includes 3.1 billion euros ($3.3 billion) in soft loans and 400 million euros ($431 million) in grants. These funds will be used to cover priority budget expenditures.
Ukraine’s government had to meet certain requirements before receiving this funding. They implemented 13 key reforms, including measures to align Ukrainian law with EU norms and strengthen the country‘s digital transformation.
**Background**
The Ukraine Facility is a four-year program approved by the EU in February 2024. It involves loans and grants worth a total of 50 billion euros ($54 billion). The program aims to support Ukraine’s economy and reconstruction efforts after the war.
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