EU governments give green light to 4.2 billion euros payout to Ukraine

FILE PHOTO: Ukrainian service personnel use a searchlight as they search for drones in the sky over the city during a Russian drone strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 31, 2024. REUTERS/Gleb Garanich/File Photo

BRUSSELS (Reuters) - European Union governments approved on Tuesday the first regular payment to Ukraine of 4.2 billion euros ($4.58 billion) of the 50 billion euros the EU has set aside as financial support for Kyiv, the governments, called the EU Council, said in a statement.

The money will come in a mix of grants and loans after Ukraine has met the conditions for disbursement that included reforms of public financial management, governance of state-owned enterprises, business environment, energy and de-mining.