Zelenskyy hopes for allocation of EUR 50 bln by EU for Ukraine's recovery.

President of Ukraine Volodymyr Zelenskyy has expressed the hope, during the EU-Ukraine Foreign Ministers' meeting in Kyiv on Monday, the EU's financial instrument for Ukraine – the Ukraine Facility – with a total funding of EUR 50 billion for the 2024-2027 period would be approved in the near future.

"Despite the full-scale war, we continue the institutional development of our country. Ukraine is constantly getting stronger," the president said.

"We have already demonstrated a historically important example of resilience when, after Russia's attack on February 24 last year, our institutions withstood and continued functioning for the sake of the state and people. This proves the strength of Europe, the European state, and the European way of life. And we are adding to our strength," he said.

Zelenskyy also noted that Ukraine will implement the seven recommendations of the European Commission.

"We need an appropriate political decision from Europe. This integration step forward will show that Europe will never become weaker," he said.

According to Zelenskyy, "the process of rebuilding Ukraine after hostilities, the process of protecting Ukraine from ruins means protecting more than just our country."

"It is the defense of the idea of a united Europe capable of overcoming any challenge through joint efforts and real solidarity. And I am grateful to all of you who are already helping us restore our lives. We appreciate the efforts of every country, every leader, every European company," the president said.

"The launch of a financial instrument for Ukraine – the Ukraine Facility – with a total funding of EUR 50 billion for the 2024-2027 period is a very important step. We hope that this instrument will be approved by the EU institutions in the near future," he said.

Zelenskyy also noted that justice is a very important component to the topic of recovery.

"The aggressor must pay for the aggression – for the damage caused by it. That is why the frozen Russian assets must be used to finance the reconstruction. We look forward to accelerating the relevant work in the European Union. We are already actively working with partners to punish Russia for its aggression and terror. We support the work of the International Criminal Court to the fullest extent possible. But it is essential that Europe takes fair steps in relation to the assets of the terrorist state and its associates," he said.

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