EU approves first payment to Ukraine

Kyiv [Ukraine], August 8: In making the decision, the EU Council concluded that Ukraine had met nine conditions in a series of reforms including "public financial management, state-owned enterprise management, business environment, energy and mine clearance." Kyiv had also made progress in "fighting corruption and money laundering," and appointed a new head of the National Anti-Corruption Authority, according to the EU Council.
Under the EU-Ukraine deal , Kyiv will receive €50 billion in loans and grants between now and 2027 to help the country recover from the economic devastation caused by the Russia-Ukraine conflict that erupted on February 24, 2022. The EU estimates that if Kyiv implements a series of reforms as requested, Ukraine could achieve 6.2% GDP growth by 2027 and cut 10% of its debt, which has skyrocketed since the conflict began, by 2033, according to Politico .
The Russia-Ukraine conflict has lasted nearly 900 days and shows no signs of abating. The Ukrainian Air Force said it shot down all 30 drones launched by Russia into seven Ukrainian provinces on the night of August 6 and early morning of August 7, according to Reuters. Meanwhile, the Russian Health Ministry said 24 people were injured in the shelling that Moscow accused Kyiv of carrying out in Russia's Kursk province on August 6, according to Interfax news agency.
Source: Thanh Nien Newspaper