EU ready to allocate EUR 500 mln to Ukraine if number of conditions met

This is stated in a joint statement issued by Ukrainian President Volodymyr Zelensky, President of the European Council Donald Tusk and President of the European Commission Jean-Claude Juncker following the 21st EU-Ukraine Summit in Kyiv on Monday, July 8.

"Both sides stressed the importance of Ukraine maintaining macro-economic stability, keeping the IMF programme on track and implementing all actions within the EU macro-financial assistance programme, as well as maintaining the independence of the National Bank and the stability of the financial sector. The EU stands ready to disburse the second tranche (EUR 500 million) of the fourth macro-financial assistance programme as soon as relevant conditions are implemented," reads the document, which was published on the website of the Ukrainian Foreign Ministry.

The participants of the summit underlined the EU's substantial and unwavering support for Ukraine and its link to the effective implementation of reforms and policy measures. They recognized the substantial progress made by Ukraine in its reform process, in areas such as health care, decentralization, pensions, public administration, and public procurement.

“We agreed on the importance of accelerating these efforts, in particular in the fight against corruption, including throughout this election year. Effective rule of law, good governance and economic opportunity are important means to tackle foreign influence and destabilization attempts. We welcomed the commitment of Ukraine to push back on the disproportionate domestic influence of vested interests on the Ukrainian political, economic and media system (“de-oligarchisation”),” the report reads.

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