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

Source : 112 Ukraine

If it is relevant, the European Commision will present a proposal for a new MFA operation in early 2018
17:02, 1 December 2017

The European Commission is ready to provide Ukraine with the further macro-financial support under the activation of the reforms as the press service of the European Commission reported.

'As such, the EU will continue to stand by Ukraine and its citizens as the country further progresses with its reforms and economic adjustment', the message said.

Related: Ukraine offers Poland to shorten black lists

Also, the European Commission is ready to assess the relevance of a successor MFA operation and, if judged warranted, to present a proposal for a new MFA operation in early 2018.

'An economic assessment, including of external financing needs, will have to be conducted and the details of this proposal would have to be worked out'.

Related: Minimal living wage in Ukraine increases to USD 65.25

The European Commission noted that any decision will be approved by the European Parliament and the EU Council in accordance with the normal legislative practice.

As we reported, the European Commission will not allocate the third tranche of the macro-financial support in the sum of 600 million euros to Ukraine.

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