Ukraine will receive the second tranche of EU macro-financial assistance after steps are taken to strengthen the rule of law and reform the judiciary. This was announced by Vice-President of the European Commission for Interinstitutional Relations Maroš Šefčovič, as Interfax-Ukraine reports.
"It is also very important to see the determination of Ukraine's leadership to reform the judiciary, as recommended by the Venice Commission. In addition, it will bring other support through macro-financial assistance. 600 million euros were provided last December, and I think that when all these steps which I mentioned will be fulfilled, the second tranche will be provided immediately, " Šefčovič added.
Vice-President of the European Commission also stressed that Ukraine's achievements over the past three decades have been very impressive, especially in a very difficult geopolitical environment. According to Šefčovič, Ukraine has made progress in public administration, the fight against corruption and macroeconomic stabilization.
"If you look at macro-financial assistance of 16 billion euros - I think this is the largest assistance that Ukraine has received. And we are ready to continue this effort. If you look at what you have achieved in recent years, it becomes clear that you have made significant progress in reforming the media sphere, public administration, the fight against corruption, and macroeconomic stabilization, " Šefčovič said.
Happy to welcome @EU_Commission Vice President @MarosSefcovic in #Ukraine. Convinced that the rich program of your visit will give a strong impetus to strengthening strategic partnership between Ukraine and the #EU. pic.twitter.com/IOdEIRoTCv— Denys Shmyhal (@Denys_Shmyhal) July 12, 2021
The European Union has provided Ukraine with over 600 billion euro for seven years. It is the largest aid of the EU than to any other partners as President of the Council of Europe Charles Michel stated.