EU’s third tranche possible after abolition of moratorium on round timber export – Mingarelli

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A positive decision on granting Ukraine the second tranche of macro-financial assistance from the EU (worth EUR 600 million) can be expected in the next weeks. The provision of the third tranche (also worth EUR 600 million) is tied to Ukraine's abolition of the moratorium on round timber export to the European Union.

Head of the Delegation of the European Union to Ukraine Hugues Mingarelli has stated this in an interview with RBC-Ukraine.

 "When European Commission President Junker met with Ukrainian Prime Minister Groysman few weeks ago, he stated absolutely clearly that it would be enough for the Ukrainian Government to submit a bill on abolition of the moratorium on round timber export in order to launch the process of granting the second tranche. Such a bill No. 6035 has been already registered in the Verkhovna Rada, and this will allow the European Commission to start an internal consultation process on provision of this tranche. A positive result can be expected in not even months, but weeks," he said.

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