European Commission ready to approve EUR 1 bln financial package to Ukraine

European Commission ready to approve EUR 1 bln financial package to Ukraine

The European Commission is ready to provide Ukraine with a EUR 1 billion tranche of macro-financial assistance.

"The European Commission is ready to offer a new [tranche of macro-financial assistance] worth 1 billion euro to Ukraine. A proposal is likely to be sent to Council [of the European Union] and EP [the European Parliament] next week. If everything goes well, the 1st tranche can be paid out in July-September," Radio Liberty correspondent Rikard Jozwiak posted on Twitter.

According to Vice-President of the European Commission Valdis Dombrovskis, after the proposal is been made, it will be discussed by the EU member states and the European Parliament.

"This was discussed at the end of last year, when the previous program was over and, unfortunately, we were not able to pay the last tranche of EUR 600 million as not all the requirements had been met. Therefore, we have prepared one more macro-financial assistance program in the amount of EUR 1 billion in tranches of EUR 500 million each. Now we have launched all the necessary procedures," Dombrovskis told the Radio Liberty.

Earlier, Ukrainian Finance Minister Oleksandr Danyliuk said that the European Commission had approved a new macro-financial assistance package to Ukraine.


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