Ukraine may receive €600 million of macro-financial aid in coming weeks

European Commission noted successful reform efforts by Ukraine
15:12, 10 February 2017


The second tranche of €600 million macro-financial aid may be provided for Ukraine in the coming weeks after government sends the draft law regarding wood moratorium to the Verkhovna Rada. This was reported by Jean-Claude Juncker, the president of the European Commission, at the briefing after the meeting with Ukrainian Prime-Minister Volodymyr Groysman, broadcast by “112 Ukraine” TV channel.

“The second part of our conversation concerned the allocation of second tranche for Ukraine. I have to say that Ukraine is realizing in the last two or three years that reforms are highly important, the scale is great and these are serious changes. We know that the law on timber exports is advancing and I think that is enough to allocate €600 million for Ukrainians. It will be done in the coming weeks,” Juncker reported.

Ukrainian Prime Minister Volodymyr Groysman appreciated such decision by the European Commission. He added that this assistance is the substantial support of the EU in hard times for Ukraine.

As it was reported earlier today, Jean-Claude Juncker during the briefing after the meeting with the Prime Minister of Ukraine Volodymyr Groysman also informed that the liberalization of visa regime for Ukraine will be established by the end of summer.

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