EU ready to give Ukraine 1.2 B in aid, but constructive cooperation with IMF needed

EU ready to give Ukraine 1.2 B in aid, but constructive cooperation with IMF needed

Ukrinform
The European Union is ready to provide EUR 1.2 billion in macro-financial assistance to Ukraine, but constructive cooperation with the International Monetary Fund and strengthening of the rule of law is needed.

"We are ready to provide EUR 1.2 billion in macro-financial assistance to help address the economic downturn caused by the coronavirus pandemic, but Ukraine needs to work constructively with the International Monetary Fund and implement all the requirements to strengthen the rule of law," Vice President of the European Commission, High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell said at a joint briefing with Minister of Foreign Affairs of Ukraine Dmytro Kuleba in Kyiv, an Ukrinform correspondent reports.

As Borrell noted, coronavirus is one of the biggest challenges faced today, and the European Union expresses its solidarity with Ukraine, in particular by providing unprecedented support for Ukraine to combat the pandemic. "This is almost EUR 200 million, the largest financial assistance provided to our eastern partners," the High Representative of the European Union for Foreign Affairs and Security Policy stressed.

On September 22, High Representative of the EU for Foreign Affairs and Security Policy - Vice President of the European Commission Josep Borrell makes the first official visit to Ukraine since assuming his position.

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