The RRR4U consortium held a discussion entitled “Two Years of Ukraine Facility: Results and Challenges”, during which representatives of the government, parliament, and European Commission discussed the interim results of the implementation of the EU’s key financial support program for Ukraine.
Participants focused on the progress of all three components of the Ukraine Facility – the pace of reforms under the Ukraine Plan, attracting investment through the Ukraine Investment Framework, providing technical assistance, and related challenges.
DiXi Group project expert Alona Korogod presented the main results of the Ukraine Facility’s implementation. Under the first component, Ukraine has already received about 70% of the funds provided for, namely €26.8 billion. Most of these funds were received in 2024, thanks to unconditional financing and the fulfillment of indicators, while the dynamics of 2025 showed a slowdown in the pace.
As for the second component, the so-called Ukraine Investment Framework (UIF), €6.9 billion (approximately 73% of the planned amount) has been allocated here, which has been directed to projects in the public (58%) and private (42%) sectors. These funds will attract €21.6 billion in investments. More than 25 programs of international financial organizations are currently being implemented, and funding for more than 20 others, amounting to approximately €3 billion, has already been agreed upon.
“The planned effect of attracting investment is still lower than expected: instead of €4.2 for every €1 of UIF funding, approximately €3.1 is currently being mobilized, although the €9.5 billion program has the potential to attract up to €40 billion in investment”, notes Alona Korogod.
Head of Section for Public Finance, Business Support, and Social Policies at the EU Delegation to Ukraine Henrik Huitfeldt, considers the first two years of the Ukraine Facility implementation quite successful: almost €27 billion out of €38 billion has already been distributed, and 64 indicators for the implementation of many different reforms have been met. A €90 billion loan for Ukraine is currently on the agenda, which will cover a significant part of its funding needs for this and next years.
“The European Commission, International Monetary Fund and The World Bank are discussing a strategy to ensure that the loan covers two-thirds of the financing gap over 2026-2027. This will provide additional funds for the Ukraine Facility while complementing its existing conditions and adding some new ones”, – explained Henrik Huitfeldt.
At the same time, despite high praise from European partners, the implementation of Ukraine Facility indicators slowed down during 2025. That is why, in August last year, the Cabinet of Ministers of Ukraine initiated a review of Ukraine’s Plan, in particular, postponing the deadlines for certain indicators and adjusting the schedule for their implementation. However, this did not speed up its implementation: according to RRR4U experts, we are in debt on at least 14 indicators from 2025 for more than €3.9 billion, of which 10 worth €2.5 billion were to be implemented by the end of the fourth quarter of the previous year.
Yuliia Shaipova The Reform Support Team Mineconomy Senior Project Manager emphasized the importance of maintaining a very clear connection between the Ukraine Facility and our European integration. She sees another challenge in the need to more actively involve the Verkhovna Rada of Ukraine in cooperation as another challenge.
In turn, Vadym Halaychuk, First Deputy Chairman of the Verkhovna Rada Committee on Ukraine’s Integration into the EU, assured that everyone in parliament understands the importance of implementing the Ukraine Facility and timely adopting draft laws to ensure funding for the state budget. At the same time, he highlighted several problems that prevent laws from receiving enough votes.
“Dozens of deputies have not been attending meetings for a long time for various reasons. Because of this, gathering the necessary majority of votes is becoming a systemic problem. The second issue is the politicization of decisions. Whereas previously it was taboo to oppose European integration laws, now we are seeing attempts at political blocking,” said the member of parliament.
The moderator of the discussion, Roman Nitsovych, Research Director at DiXi Group, concluded that the implementation of Ukraine’s Plan requires synchronized work by the government and parliament, as this determines whether the country will receive the funding it critically needs during the war.
The full recording of the event is available at: https://youtu.be/W5wVXsXFBM4?si=nQHOIwCbjtMaPTql
RRR4U (Resilience, Reconstruction and Relief for Ukraine) is a consortium of four Ukrainian civil society organisations: Centre for Economic Strategy, Institute for Economic Research and Policy Consulting, Institute of Analytics and Advocacy and DiXi Group.
The monitoring was prepared with the support of the International Renaissance Foundation.
