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24 September 2017
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EU to consider raising its assistance to Ukraine to EUR 2.5 bln

EU finance ministers will on January 27 discuss the possibility of offering additional funds to help save Ukraine from bankruptcy, potentially increasing its original plan of EUR 1.8 billion to EUR 2.5 billion, the Ukrainian newspaper Europeiska Pravda (European truth) has reported with reference to Reuters.

Photo from ZN.UA
Photo from ZN.UA

"Given the urgency of the situation in Ukraine, ministers will see how much the EU can improve on its original, 1.8 billion euro offer," said one EU diplomat, preparing for the upcoming meeting next Tuesday.

Two other diplomats confirmed that such discussion would take place, although they said the issue of increasing aid has not been agreed on yet.

"More money from the EU budget for provisioning loans means less money for other things, so it is not so straightforward," the diplomat said.

As earlier reported, on January 8, the European Union offered Ukraine EUR 1.8 billion of macro-financial assistance.

The new program is expected to be implemented during 2015 and early 2016.

Previously, the media reported that the EU was preparing a new aid package for Ukraine.

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