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EU, Ukraine to sign deal on macro-financial assistance

Valdis Dombrovskis, the European Commission Vice-President for the Euro and Social Dialogue will arrive in Ukraine this week
11:21, 10 September 2018

Open source

Valdis Dombrovskis, the European Commission Vice-President for the Euro and Social Dialogue will come to Ukraine on September 13 and 14, in order to sign the deal on the EU macro-financial assistance for Ukraine; the sum of the aid equals one billion Euros. The respective announcement appeared on the website of the European Commission

'Mr Valdis Dombrovskis in Kiev, Ukraine (until 14/09): takes part in the signing ceremony of the Macro-Financial Assistance (MFA) programme; meets Mr Volodymyr Groysman, Prime Minister of Ukraine; Ms Oksana Markarova, Acting Minister of Finance of Ukraine; and participates in a panel organized by the Yalta European Strategy forum', reads the message.

Previously, the Council of the EU approved 1 billion Euros of macro-financial assistance for Ukraine. According to the old program of the financial aid, Ukraine got two of three tranches, totally worth 1.2 billion Euros, instead of 1.8. Ukraine never got the third tranche because it only completed 17 of 21 conditions, requested by the European authority. Specifically, Ukraine failed to lift the ban for roundwood imports, to launch automatic checks of e-declarations, to pass the law about the loan register of the National Bank, and the bill on checking information about the beneficiary owners of companies.

Related: European Commission to provide Ukraine with macro-financial support under activation of reforms

Related: Ukraine sends application to get new EU macro-financial aid

Related: European Commission to not allocate third tranche of macro-financial support to Ukraine

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