Round wood export ban is only reason why EU blocks financial aid for Ukraine

Source : 112 Ukraine

Brussels suspends 600 million Euros of aid for the Ukrainian government, - Vice Prime Minister for European integration
14:43, 12 January 2017

Open source

The moratorium on exporting round wood from Ukraine is currently the only issue that prevents the EU from allocating the next part of the macro-financial assistance tranche. Ivanna Klympush-Tsyntsadze, Ukraine’s Vice Prime Minister for European integration said this during her interview with Channel 5.

The second part of the 1.8 billion Euros-worth loan is 600 million Euros, the official said. ‘We got the first part of the loan a long time ago; the second one should have been transferred about a year ago. Unfortunately, we failed to solve this issue with canceling the moratorium,’ the Vice Prime Minister said.

Klympush-Tsyntsadze stressed that by having introduced the moratorium, Ukraine violated its own commitments within the WTO, as well as those foreseen by the EU-Ukraine Association Agreement.

‘It’s a pity that the issue is so badly politicized here in Ukraine; unfortunately, the moratorium doesn’t work. The round wood is being chopped and smuggled abroad,’ she said, adding that the MPs and the government continue to seek ways to solve the problem.      

The EU listed repeal of round wood export ban among other conditions of the next tranche of another 600 million Euro of macro-financial aid for Ukraine. Earlier, the European Commission President Jean-Claude Juncker after the Ukraine-EU Summit announced that the Ukrainian President Petro Poroshenko expressed the intention to lift the round wood export ban.

Related: EU Delegation to Ukraine explains their stance on round wood export ban

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