Ambassadors of the European Union countries have approved a €4.2 billion tranche for Ukraine under the Ukraine Facility program, citing the Hungarian Presidency of the EU Council. “Today, Ambassadors adopted the first instalment under the Ukraine Plan of the Ukraine Facility Regulation, paving the way for the transfer of nearly €4.2 bn to support Ukraine’s recovery, reconstruction, and modernisation,” the statement reads. The next step will be the approval of this decision through a written procedure, which is used for steps that do not require discussions. Ukraine Facility program In February…