EU not refuse to provide 1.2 billion euros to Ukraine: Memorandum to be signed in July

Source : 112 Ukraine

According to Shmygal, the IMF has intensely reacted to the resignation of Yakiv Smoly, but continues to cooperate with Ukraine
16:22, 4 July 2020

Ukraine's Prime Minister
Open source

Despite the resignation of the Natonal Bank head Yakiv Smoly, the EU has not abandoned plans to provide Ukraine with 1.2 billion euros of macro-financial assistance and is preparing to sign the memorandum in July. This became known from the statement of Prime Minister Denys Shmygal, according to RBC.

"Today (July 3 - Ed.) I talked with the President of the European Commission. We continue to work. This is a big figure with Europe. Already on the 20th of July we will sign another memorandum on the provision of the next tranche of macro-financial assistance in the amount of 1.2 billion euros. It was also discussed today with the vice president of the European Commission," said Shmygal.

He noted that the IMF reacted strongly to the resignation of the head of the NBU, Yakiv Smoly, but continued cooperation with Ukraine. According to Shmygal, Finance Minister Serhiy Marchenko held a dialogue with the IMF representative on July 2.

Related: Ukraine's financial partners ready to fund this country, - PM Shmygal

On June 1, Chairman of the National Bank of Ukraine (NBU) Yakiv Smoliy wrote and submitted to the President of Ukraine a letter of resignation of his own volition.

For a long time, the National Bank of Ukraine has been under systematic political pressure. This makes it impossible for me, as the chairman, to fulfill the responsibilities of the National Bank’s leadership and interact with other government bodies. I want to warn you against further attempts to undermine the institutional foundations of the central bank in Ukraine," Yakiv Smoliy stated.

On July 3, Verkhovna Rada of Ukraine held an extraordinary plenary session to consider resignation of the Chairman of the National Bank of Ukraine Yakiv Smoliy and Yuriy Terentyev from the position of the Chairman of the Antimonopoly Committee of Ukraine.

Related: Ukraine faces tough wave of infection with Covid-19, - PM Shmygal

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