The Permanent Representatives of the European Union member states approved EUR 4.2 billion as the first tranche under the Ukraine Plan.

The Hungarian presidency of the EU announced this on its social network page on Wednesday.

Today, Ambassadors adopted the first installment under the Ukraine Plan of the Ukraine Facility Regulation, paving the way for the transfer of nearly EUR 4.2 bln to support Ukraine's recovery, reconstruction, and modernisation. As a next step, the EU Council will move ahead with a written procedure," the report notes.