173 Steps for €8.3 Billion: How Ukraine Agreed with the EU on Reform Restart

The EU Council didn't just extend deadlines — it rewrote the rules so that Ukraine would be able to receive the remaining funds from the Ukraine Facility by the end of 2027.

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Прапор Євросоюзу (Фото: Depositphotos)

When Ukraine came to Brussels in June 2026 with a request to change the "Ukraine Plan," it was not about relaxing requirements. It was about mathematics: some of the plan's goals, written before the full-scale phase of economic exhaustion from war, became physically unattainable. The EU Council agreed — and approved an updated plan where the number of steps increased from 146 to 173.

Why the plan had to be rewritten

Ukraine Facility is not a one-off grant, but a program for over 50 billion euros until 2027, tied to specific reforms. Ukraine has already received approximately 29.5 billion euros from this sum. However, the plan was written in 2024, and it must be implemented under conditions that change every quarter: infrastructure strikes, mobilization constraints on the workforce, changes in budget priorities.

12 steps received extended deadlines — mostly those requiring laws to be passed through the Verkhovna Rada, which operates on a different schedule during wartime than a peacetime parliament. Some steps were simply removed because they lost their purpose: for example, reforms designed for the pre-war market structure that no longer exists.

A technical nuance that determines whether Ukraine will receive money on time

The most practical change is the transfer of all final steps from the fourth to the third quarter of 2027. This is not cosmetic. Ukraine Facility ends in 2027, and if the final steps are left for the fourth quarter, the EU will not physically have time to make the final payment before the program closes. In other words, the EU Council adjusted its bureaucratic calendar to suit its own bureaucracy — so the money doesn't get stuck between "completed" and "transferred."

Where the emphasis shifted

Of the 27 new steps, ten require legislative changes, and most are focused on the rule of law and anti-corruption institutions — precisely where the EU is traditionally most sensitive to backsliding. Steps in the energy sector and market integration were also added — this is already a direct bridge to negotiations on accession, not just a condition for another tranche.

What this means in practice

According to former Prime Minister Yulia Svyrydenko, as of late May, 86 steps have already been completed, with another 65 in progress. But in parallel, there is another signal: on June 8, it became known that Ukraine risks losing part of EU financial assistance for the first time due to delayed implementation of reforms. So the system works both ways — for exceeding the schedule, they already paid a bonus in the seventh tranche (2.8 billion euros, including the first compensation for early implementation), but for delays, they now actually penalize with money.

The expansion of the plan to 173 steps is not a concession, but a redistribution of risk: more complex and slower reforms received more time, while new requirements appeared where the EU sees political will. The question for the coming months is simple: will the Verkhovna Rada maintain the pace of passing laws that is now synchronized with the date of Ukraine Facility's final payment.

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