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Ukraine has received almost €4.2 billion from the European Union. It is the EU’s first payment under the Ukraine Facility, a finance plan that aims to support the country’s recovery in the face of Russia’s aggression. The Ukraine Facility went into force on March 1 of this year. The four-year plan, in which the EU will provide up to €50 billion in grants and loans, aims to play a significant role in Ukraine’s recovery, reconstruction and modernisation. The announcement comes after Ukraine’s President Volodymyr Zelenskyy acknowledged the Ukrainian incursion into Russia for the first time in a v…

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