Ukraine, EU to work on new assistance program - Groysman

"Now we will work on a new program of macro-financial assistance with the European Union, which will be [set] for 2018-2019," the prime minister said.

As UNIAN reported, Ukrainian President Petro Poroshenko during a meeting with businessmen in Kyiv said that the European Commission decided to allocate a tranche of macro-financial aid to Ukraine in the amount of EUR 1.8 billion, citing the European Commission’s communique following the talks at the Eastern Partnership summit.

Read alsoEuropean accelerator for Ukrainian reformsThe communique published on the website of the European Commission says that the EU cannot allocate for Ukraine the third tranche worth EUR 600 million under the current macro-financial assistance program totaling EUR 1.8 billion approved in 2015, as Kyiv has not fulfilled a number of conditions for obtaining the disbursement. At the same time, the communique does not mention either the allocation of a tranche of macro-financial assistance or the volume of the new program.

In 2015, the EU offered Ukraine a package of macro-financial repayable assistance amounting to EUR 1.8 billion. Within the framework of this program, Ukraine has received EUR 1.2 billion.

Read alsoPM Groysman: Ukraine-EU trade up 29%The allocation of the next credit tranche was suspended until the Verkhovna Rada adopts the required bills on the abolition of roundwood export ban, as well as the support of IDPs. In 2016 Ukraine did not receive any credit tranches from the EU.

According to the European Commission, since 2014 Ukraine has received a total of EUR 2.61 billion of macro-financial assistance, including EUR 1.61 billion in 2014-2015 and EUR 1.2 billion under the current program in 2015-2017.