European Commission names conditions for Ukraine to get EUR 1.2 bln in aid
Vice-President of the European Commission, EU High Representative for Foreign Affairs and Security Policy Josep Borrell says that Ukraine should work with the International Monetary Fund and strengthen the rule of law in order to receive promised macro-financial assistance worth EUR 1.2 billion.
The European Union stands "ready to provide EUR 1.2 billion in macro-financial assistance to help to limit the economic fallout that the coronavirus has created. And Ukraine needs to constructively engage also with International Monetary Fund," Borrell said at a joint press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv on Tuesday, September 22, according to an UNIAN correspondent.
He said that for Ukraine to receive macro-financial assistance, the government must fulfill all the conditions related to strengthening the rule of law.
Also, EU's top diplomat said the Bloc had provided support to Ukraine in its fight against COVID-19 in the amount of almost EUR 200 million. This is "the largest financial assistance to any of our eastern partners," said Borrell.
He also said that COVID-19 has aggravated the humanitarian situation in eastern Ukraine.
Source: UNIAN