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
Al Mayadeen's correspondent: 35 martyrs, 75 injured in occupation targeting of civilians seeking food aid in Rafah, Khan Younis, southern Gaza.
Da Silva: What is happening in Gaza is not a war, it is a genocide
Da Silva: Even the Jewish people do not want this war; it is revenge by a government against the possibility of establishing a Palestinian state
Brazilian President Lula da Silva: What we are seeing is not a war between two armies. [What we have is a] completely professional army that is killing women and children in the Gaza Strip.
Hamas: We affirm our readiness to immediately begin a round of indirect negotiations to reach an agreement on the points of contention
Hamas: We welcome the continued Qatari and Egyptian efforts to end the war waged by the Zionist occupation against our people
Al Mayadeen's correspondent: Israeli occupation forces blew up Noura Al-Kaabi Hospital, designated for kidney dialysis patients, in the northern Gaza Strip
Al Mayadeen's correspondent: Israeli drone targets a car on the Ayta al-Shaab-Debel road in southern Lebanon
Yemeni Armed Forces Spokesperson Yahya Saree: The remaining airlines that have not yet complied with the ban are urged to take this into serious consideration to ensure the safety of their aircraft and passengers
Yemeni Armed Forces Spokesperson Yahya Saree: The YAF, after successfully imposing a partial ban on air traffic at Lydd Airport, are now working to impose a full ban on air traffic at the aforementioned airport in the coming period

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 capitals argue over more military aid to Ukraine: FT

US arms sales in a pickle after halt in Ukraine weapons aid

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

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
Russia-Ukraine peace talks resume in Istanbul amid escalating war
Europe

Ukraine, Russia head for Istanbul talks as battles rage, cmdr. resigns

Australia urged to join Macron-led push for Palestinian statehood
Asia Pacific

Australia urged to join Macron-led push for Palestinian statehood

‘Israel’ lost international legitimacy for war on Gaza: Israeli media
Palestine

‘Israel’ lost 'international legitimacy' for Gaza war: Israeli media

MSF Chief: US-Israeli aid plan in Gaza ‘Dehumanising’
Politics

US-Israeli aid plan in Gaza used as tool for forced displacement: MSF

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