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Ukraine Receives €3.9 Billion From EU Specially Earmarked for Drone Production and Defense
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Ukraine has received an additional €3.9 billion (around $4.4 billion) from the European Union, with the funds designated to support the country’s military and defense sector.
The announcement was made by Ukrainian Prime Minister Yulia Svyrydenko via Telegram on June 30.
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“These funds will be directed to financing priority defense needs—production of Ukrainian drones, strengthening the capabilities of the defense industry, and ensuring urgent supplies for front-line needs,” she said.
Svyrydenko noted that the tranche represents the first purely defense-oriented assistance provided to Ukraine under the new Ukraine Support Loan financial instrument.
She also recalled that on June 25, Ukraine had already received €3.2 billion (about $3.6 billion) under the same programme, which was allocated to general budget support. As a result, the total amount of financing received under this mechanism has reached €7 billion (approximately $9 billion).
Alongside defense financing, Ukraine has also reported new outcomes from international recovery discussions. Ukrainian officials said that 160 agreements worth more than €10 billion (around $11 billion) were signed following the Ukraine Recovery Conference held in Gdańsk.
She said the conference produced a wide range of financial commitments and reconstruction initiatives aimed at supporting Ukraine’s recovery.
Among the key outcomes are a €3.2 billion first tranche under a new European Union financial instrument, a $3.4 billion agreement with the World Bank, and the launch of a European flagship fund dedicated to Ukraine’s reconstruction.
Additionally, the European Commission has concluded agreements exceeding €1.1 billion ($1.25 billion) under the Ukraine Investment Framework and announced the launch of the European Flagship Fund for Ukraine’s Reconstruction during the Ukraine Recovery Conference.
The initiative, implemented in cooperation with the European Investment Bank and the European Bank for Reconstruction and Development, is intended to provide essential financing for municipal reconstruction, support stabilization of the energy sector, and assist businesses, particularly in frontline regions.
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