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 Ukraine to receive 600M euros in EU aid within weeks, - Mingarelli

Over the next few weeks, the European Commission will decide on the allocation of the second tranche of macro-financial assistance to Ukraine.

Head of the EU Delegation in Ukraine Hugues Mingarelli said, Censor.NET reports citing UNIAN.

According to the diplomat, Ukraine has fulfilled almost all the conditions for the allocation of 600 million euros of macro-financial assistance. The funds will be allocated within coming weeks, he said.

Read more: IMF approved tranche of $1B for Ukraine

In April 2014, the EU declared its readiness to provide financial assistance to Ukraine totaling 11 billion euros, including 1.6 billion euros in loans, 1.4 billion euros in grants, 5 billion euros from the European Bank for Reconstruction and Developmentб and 3 billion euros from the European Investment Bank.

In 2015, the EU proposed a new package of loan assistance amounting to 1.8 billion euros. Under this program, Ukraine has so far received only 600 million euros, while the allocation of subsequent tranches has been suspended. In 2016, Ukraine did not receive any loan tranches from the EU.
 
 
 
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