EU might allocate €600 mln to Ukraine during these weeks,- Mingarelli

Source : 112 Ukraine

As of now this decision is being considered
22:07, 16 March 2017


European Union plans to allocate 600 million euros to Ukraine during the coming weeks. This was announced by the head of EU Delegation to Ukraine Hugues Mingarelli in his speech at annual investments conference in Kyiv, reports Ukrainian News agency.

“In the recent years the EU did a lot to provide macro-financial assistance to Ukraine. Due to this program, 3,4 billion euros have already been given to Ukraine. Now, the second stage takes place, it will allow to allocate 600 million euros. The decision to allocate money was taken six weeks ago. As of now this decision is being considered. 600 mln euros are expected to be allocated in the coming weeks,” he said.

Related: 29 wagons of roundwood arrested on Transnistria border

This became possible because the government proposed bill on cancellation of the ban on exports of raw wood to the Verkhovna Rada, according to him.

Financial aid will positively influence macro-economic stability, he added.

Earlier it was reported that round wood export ban is only reason why EU blocks financial aid for Ukraine. Brussels suspends 600 million Euros of aid for the Ukrainian government, - Vice Prime Minister for European integration.

Related: Kyiv court bans work of plywood plant due to air pollution

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