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22 August 2017
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Kyiv, Brussels sign memorandum on granting EUR 1.8 billion in aid to Ukraine

The European Commission and the Ukrainian government have signed a memorandum of understanding on the provision of macro-financial assistance to Ukraine worth EUR 1.8 billion.

Photo from twitter.com/n_jaresko
Photo from twitter.com/n_jaresko

The signing ceremony took place on Friday during the fourth Eastern Partnership summit, held in Riga, according to an UNIAN correspondent.

The document was signed by Ukrainian Finance Minister Natalia Jaresko, NBU Governor Valeria Gontareva and European Commissioner for the Euro and Social Dialogue Valdis Dombrovskis.

The signing took place in the presence of Ukrainian President Petro Poroshenko.

As reported earlier, the European Commission proposed to provide Ukraine with a new macro-financial assistance on January 8, 2015. After a positive vote in the European Parliament that took place on March 25, on April 15 the corresponding decision was signed by European Parliament President Martin Schulz and the Secretary of State for European Affairs of the Latvian Parliament Zanda Kalniņa-Lukaševica.

Ukraine will receive the first tranche of EUR 600 million at the beginning of the summer.

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