Ukraine to receive EUR 335M in aid from European Commission

The Cabinet of Ministers has approved an agreement to finance the program on EU support for recovery and reform. After its signing, Ukraine will receive EUR 335 million in aid from the European Commission.

Ukrainian Prime Minister Denys Shmyhal said this at a government meeting on Tuesday, Ukrinform reports.

"Today we approved the agreement on the financing of the EU Support for Recovery and Reform program. After its signing, the European Commission will allocate EUR 335 million in aid," he said.

Shmyhal added that the funds would be spent on the reconstruction of infrastructure, including energy infrastructure, assistance to businesses, anti-corruption measures, environmental protection and digitization.

Read also: Government's task to ensure all seized Russian assets work toward rebuilding Ukraine - PM Shmyhal

According to estimates by the Kyiv School of Economics, the direct damage caused to Ukraine's infrastructure by Russia's full-scale invasion has already exceeded $150 billion, including almost $56 billion worth of damage to the country's housing stock.