The Council of the EU on Monday approved an extra €3.5 billion (approximately $3.8 billion) in financial support for Ukraine, consisting of non-repayable grants and loans, according to a press release from the European Council.
The funding, part of the Ukraine Facility, aims to bolster Ukraine’s macro-financial stability and support its long-term recovery, reconstruction, and modernization. This marks the third disbursement under the facility, which has already provided close to €20 billion to Ukraine since it was launched a year ago.
In its statement, the Council noted that Ukraine had met the necessary conditions laid out in the Ukraine Plan to receive the third payment. The Ukraine Plan outlines the country’s roadmap for recovery and reform, including a timetable for the reforms it intends to undertake as part of its EU accession process over the next four years.
Among the 13 benchmarks that Ukraine has successfully demonstrated progress on are passing reforms to increase renewable energy usage, boosting the autonomy of its energy regulator, and simplifying border-crossing procedures to meet EU standards. Additionally, Ukraine has developed strategies for agriculture and rural development—including initiatives to clear land mines from agricultural areas—and is advancing efforts to list its strategic and critical raw materials.
The Ukraine Facility, which came into force on March 1, 2024, is designed to provide up to €50 billion of stable financing in grants and loans through 2027, aiming to support Ukraine’s structural reforms and economic modernization.
The additional aid is expected to further strengthen Ukraine’s financial stability and accelerate its transformation process, reinforcing the EU’s commitment to supporting the country’s integration into European structures.
The Council of the EU on Monday approved an extra €3.5 billion (approximately $3.8 billion) in financial support for Ukraine, consisting of non-repayable grants and loans, according to a press release from the European Council.
EU Council has extended the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for another six months, until 15 September 2025.
The interim government in Damascus will attend an international conference on Monday in Brussels to seek aid pledges for Syria, which continues to face significant humanitarian challenges and an uncertain political future following the departure of Bashar al-Assad.
The European Union and the United States still face significant challenges in resolving trade tensions, with EU Trade Commissioner Valdis Dombrovskis stressing the need for further negotiations on key issues like tariffs, subsidies, and market access.
The EU is considering doubling military aid to Ukraine to €40B in 2025, with contributions based on economic weight. A proposal by the EEAS suggests an initial step of providing 2M artillery rounds and using profits from frozen Russian assets to fund aid.
The Nvidia’s annual software developer conference this week, CEO Jensen Huang is set to defend the company’s leading position in the AI chip market amid growing competition and cost pressures on its largest customers.
Google is reportedly preparing to collaborate with Taiwan’s MediaTek on the next generation of its AI chips—its Tensor Processing Units—set to be produced next year, according to a report by Information citing people involved in the project.
Barcelona’s postponed LaLiga clash with Osasuna will take place on March 27, following the death of the club’s doctor. However, with key players unavailable due to World Cup qualifiers, Barcelona is considering appealing the decision by the Spanish soccer federation.
OpenAI is urging the Trump administration to grant AI companies an exemption that would allow them to train their models on copyrighted material—a move it argues is crucial for maintaining America's leadership in artificial intelligence.
In the wake of intense militia clashes, South Sudan's airstrike hit the east, killing at least 19. Tensions continue to rise in a region still scarred by civil war, as political rivalries and a brutal attack fuel fears of another deadly conflict.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
Sweden’s deputy prime minister Ebba Busch has called on the European Union to amend its clean-tech funding rules to help bankrupt battery cell maker Northvolt secure a new owner.
The Trump administration on Monday announced that it had determined Maine’s educational authorities are in violation of federal law prohibiting sex discrimination, after allowing transgender girls to participate in school sports.
DeepMind founder Demis Hassabis called on Britain to harness its strengths—such as world-class universities and top-tier talent—to shape how artificial intelligence is deployed globally.
Italy and Spain made it clear on Monday that they are not prepared to support an EU proposal to pledge up to 40 billion euros ($43.67 billion) in military aid for Ukraine this year on a proportional basis, according to officials and diplomats.
U.S. homebuilder sentiment fell to its lowest level in seven months in March, as rising tariffs on imported materials have driven up construction costs, according to the latest survey from the National Association of Home Builders (NAHB) and Wells Fargo.
The Nvidia’s annual software developer conference this week, CEO Jensen Huang is set to defend the company’s leading position in the AI chip market amid growing competition and cost pressures on its largest customers.
Google is reportedly preparing to collaborate with Taiwan’s MediaTek on the next generation of its AI chips—its Tensor Processing Units—set to be produced next year, according to a report by Information citing people involved in the project.
Barcelona’s postponed LaLiga clash with Osasuna will take place on March 27, following the death of the club’s doctor. However, with key players unavailable due to World Cup qualifiers, Barcelona is considering appealing the decision by the Spanish soccer federation.
OpenAI is urging the Trump administration to grant AI companies an exemption that would allow them to train their models on copyrighted material—a move it argues is crucial for maintaining America's leadership in artificial intelligence.
In the wake of intense militia clashes, South Sudan's airstrike hit the east, killing at least 19. Tensions continue to rise in a region still scarred by civil war, as political rivalries and a brutal attack fuel fears of another deadly conflict.
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