EU to Make Reduced Aid Payout to Ukraine Due to Lagging Reforms

The European Union plans to reduce a major package of financial support to Ukraine by €1.5 billion ($1.7 billion) after Kyiv said it had been unable to meet all required reform milestones, said a spokesperson of the bloc’s executive.

The war-ravaged country did not meet three of the 16 targets needed to get a full €4.5 billion payout under the Ukraine Facility, the bloc’s financial support mechanism. In June Kyiv therefore requested a partial disbursement of €3 billion, European Commission spokesperson Guillaume Mercier said.