Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian media: Israeli occupation forces storm the Old City in the center of Nablus, occupied West Bank
Local sources to Al Mayadeen: Sudanese army forces drones strike town of Kabkabiya, North Darfur.
Syrian Observatory: The plane is loaded with air defense systems and heavy weapons as part of US troop reinforcements to its bases in northeastern Syria
Syrian Observatory: US cargo plane lands with two military helicopters at Kharab al-Jir base in the countryside of Rmeilan, north of Hasakah
Miguel Díaz-Canel to Gustavo Petro: US seeks to reimpose the Monroe Doctrine in its relations with sovereign states in Latin America and the Caribbean.
The Abu Ali Mustapha Brigades, the military wing of the PFLP, says they handed over the body of an Israeli captive to the Israeli occupation forces in implementation of the clauses of the ceasefire agreement.
Al Mayadeen correspondent: Israeli drones are flying over the presidential palace in Baabda, Mount Lebanon, and over the skies of the capital, Beirut, and its suburbs.
Al Mayadeen's correspondent in South Lebanon: Israeli warplanes launch a series of raids on the al-Mahmoudiya and Jarmaq areas
Trump reiterates proposal for Russia and Ukraine to stop at current front line, negotiate later
Reuters: Trump says no discussion regarding Ukraine ceding Donbas to Russia

EU urges Ukraine to continue implementing reforms for financial aid

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Jul 2024 16:10
3 Min Read

Ukraine is one of the nine countries in European that does not have official membership in the EU that is identified as a candidate state, and needs to abide by several strict conditions to begin accession talks for membership.

Listen
  • x
  • Ukrainian President Volodymyr Zelensky attends a joint press conference with Canadian Prime Minister Justin Trudeau following their talks in Kiev on June 10, 2023. (AFP)
    Ukrainian President Volodymyr Zelensky attends a joint press conference with Canadian Prime Minister Justin Trudeau following their talks in Kiev on June 10, 2023. (AFP)

Ukraine needs to continue advancing reforms required for its European Union accession in order to secure additional financial aid from Brussels, EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said on Monday. 

"To fully comply with all membership criteria, Ukraine must remain committed to this process and continue its reforms, and here I want to underline the key role that the rule of law fundamentals play," Varhelyi said in Budapest, adding, "Enlargement is and remains a merit-based process."

The European Commission plans to increase its financial support for Ukraine, providing the country with up to 50 billion euros ($54.2 billion) in loans backed by frozen Russian state assets from 2024-2027, the Hungarian diplomat said in a conference on the State of Play of the Western Balkan and Eastern Enlargements of the European Union.

"Two weeks ago, on July 17, the Commission made a positive assessment to release the first regular installment under the Ukraine Facility, which was close to 4.2 billion euros. All in all, we plan to pay 16 billion euros to Ukraine's budget in 2024, subject to the country fulfilling the reform conditionalities," Varhelyi said. 

Ukraine's EU status

Ukraine is one of the nine countries in European that does not have official membership in the European Union, identifying as a candidate state alongside Moldova, which was granted by the bloc in June 2022. However, both countries have to abide by several strict conditions to begin accession talks for potential EU membership.

Related News

EU nears deal to fund Ukraine with frozen Russian assets

Ukraine war: Trump envoy urges Europe to prepare for reduced US role

Brussels held the first accession negotiations with Ukraine in June, a year after Kiev's candidate status was granted symbolically to showcase support for it amid its ongoing war with Russia.

In March, the European Council increased its budget for Ukraine, granting an additional $5.4 billion in military aid through lethal and non-lethal military equipment and weapons by establishing the Ukraine Assistance Fund funded by the European Peace Facility. 

Since the beginning of Ukraine's conflict with Russia in February 2022, Kiev has received significant military and financial aid from Western countries, which Russia's Kremlin has warned against due to the potential escalation of the war.

EU transfers €1.5Bln to Ukraine using frozen Russian assets

On Friday, the EU sent €1.5 billion to Ukraine, marking the first transfer under a new scheme utilizing Russia's frozen assets, which is estimated at €210 billion across the bloc, Euro News reports.

90% of this financial aid will fund weapons, ammunition, and air defense systems for Ukraine, while the remaining 10% will support reconstruction, particularly of the energy infrastructure damaged by Russian strikes.

The initiative reportedly intends "to prevent a humanitarian crisis and migration surge" due to power grid destruction.

Months in the making, the scheme overcame Hungary's initial opposition by finding a legal workaround.

The first transfer amount increased from €1.4 billion to €1.5 billion due to interest rate variations.

  • Ukraine
  • European Union
  • EU Commission
  • Russia-Ukraine
  • Ukraine aid

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Yemeni Armed Forces Chief of Staff Major General Mohammad Abd al-Karim al-Ghamari , during a ceremony in an undisclosed locations in Yemen, undate (Yemeni Military Media)

Yemeni Armed Forces mourn martyred Chief of Staff al-Ghamari

  • Politics
  • 16 Oct 2025
Israeli occupation violates Gaza ceasefire, killing seven Palestinians.

Israeli occupation violates Gaza ceasefire, kills seven Palestinians

  • Politics
  • 14 Oct 2025
Zionists Fundamentally Misread Iran Due To Their Own Echo Chambers

Zionists fundamentally misread Iran due to their own echo chambers

  • Analysis
  • 15 Oct 2025

Coverage

All
War on Gaza

Read Next

All
UK blocks release of documents on secretive Lammy-Sa’ar meeting.
Politics

UK blocks release of documents on secret Lammy-Sa’ar meeting

Colombia slams Trump’s drug accusation, defends sovereignty
Politics

Colombia slams Trump’s incendiary drug claims, defends sovereignty

The abuse was detailed in Giuffre's memoir "Nobody's Girl: A Memoir of Surviving Abuse and Fighting for Justice." (AP)
Politics

Epstein victim recounts choking, sexual assault by 'well-known PM'

The US Secret Service discovered a hunting stand near the airport President Donald Trump uses in Florida. (US Secret Service)
Politics

FBI probes hunting stand with sightline to Trump’s Air Force One exit

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS