Varhelyi: The EU intends to transfer the first payment from the fund to Kyiv in March

2024-02-09T11:42:49.232Z

Highlights: Varhelyi: The EU intends to transfer the first payment from the fund to Kyiv in March. It is clarified that after the first tranche, the payment will be tied to a formalized plan providing for payments subject to Kiev’s implementation of the reforms agreed with Brussels. New funds, if all conditions are met, will be received quarterly. Bloomberg previously reported that Kyiv is preparing to raise taxes and cut budget spending. It's absolutely necessary, especially given what's happening in the US right now," he said.

European Commissioner for EU Enlargement and Neighborhood Olivier Varhelyi said that the European Union intends to transfer the first payment to the Kyiv authorities from the fund for Ukraine in the first half of March.