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EU sets conditions for providing Ukraine with second tranche of financial assistance

Source : 112 Ukraine

The amount of the tranche is expected to reach 600 million euros
08:06, 11 February 2021

Open source

The European Union has named main requirements that Ukraine must meet in order to receive the second tranche of financial assistance in the amount of 600 million euros. This was reported by Vice President of the European Commission Valdis Dombrovskis, RBC-Ukraine reports.

The Ukrainian side needs to reach an agreement with the International Monetary Fund and apply eight structural measures.

Related: European Commission believes corruption slows down reforms in Ukraine

"The second tranche will require Ukraine to apply eight structural measures that Ukraine has pledged to implement and to make positive progress with the IMF under the Stand-by program. It is extremely important to ensure the implementation of judicial reform, make anti-corruption infrastructure effective, and improve the investment climate," said Dombrovskis.

As we reported earlier, yesterday, on February 10, Prime Minister of Ukraine Denys Shmygal and Executive Vice-President of the European Commission Valdis Dombrovskis began consultations on further trade liberalization between Ukraine and the EU.

Related: Ukraine’s PM, European Council President discuss implementation of Ukraine-EU Association Agreement

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