European Parliament to open trust fund for Ukraine, Georgia, Moldova

Source : 112 Ukraine

The aim of the fund is the contribution of the investments into development of the social and economic infrastructure
12:58, 16 November 2017


The MPs of the European Parliament intend to create the trust fund for Ukraine, Georgia and Moldova as the press service of the Delegation of the EU to Ukraine reported.

According to it, the offer will be implemented during the summit of the EU and countries of the ‘Eastern Partnership’ that will take place November 24 in Brussels.

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‘The MPs of the European Parliament noted the significant progress since the holding of the last ‘Eastern Partnership’ summit in Riga in 2015. They noted that some eastern partners implemented the important reforms. Moreover, Georgia, Ukraine and Moldova got the regime of Free Trade Area and visa-free regime with the EU’, the message said.

The aim of the trust fund is the contribution of the private and public investments into development of the social and economic infrastructure.

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Moreover, the MPs of the European Parliament plan to define the model of the ‘Eastern Partnership+’ that is expanded at the associated countries. The model provides the possibility to join the EU Customs Union, Energy Union, Digital Union and Schengen Area and to cancel the roaming charges.

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The issues of the pressure on Russia and the settlement of the Donbas Conflict and at the occupied territories of Abkhazia, South Ossetia and Transnistria will be raised.

Earlier it was reported that Poroshenko and Johannes Hahn, the European commissioner discussed the preparation for the ‘Eastern Partnership’ summit. Hahn noted the dynamics of the reforms in Ukraine and confirmed the readiness of the EU to provide the extensive support.


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