The 22nd Ukraine-EU summit will be the first bilateral EU summit with a third country held physically in Brussels since the outbreak of the coronavirus (COVID-19) pandemic.
The European Council said on Friday that the EU side will be represented by Presidents of the European Council Charles Michel and President of the European Commission Ursula von der Leyen. Ukraine will be represented by President Volodymyr Zelensky. High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell will also participate.
During the meeting, the leaders will review bilateral relations, including the socio-economic impact of the COVID-19 pandemic and the EU support to Ukraine; the next steps in the implementation of the Association Agreement, including its Deep and Comprehensive Free Trade Area; the state of reforms in Ukraine.
Leaders will also discuss the conflict in eastern Ukraine, recent developments in Belarus and further regional and foreign policy issues.
It is expected that at 15:30 Brussels (16:30 Kyiv time) on Tuesday, EU leaders will meet the Ukrainian president, and at 17:50 Brussels time (18:50 Kyiv time) a press conference is scheduled to be held in the virtual mode.
President Petro Poroshenko of Ukraine has signed the law on ratification of a memorandum of mutual understanding between Ukraine and the European Union on the allocation to Ukraine of macrofinancial assistance from the European Union to the tune of EUR 1 billion, the presidential website said. By implementing the memorandum, Ukraine will be able to receive additional funding from the EU to the tune of EUR 1 billion to be used for purposes stated in the national budget.
In order to receive each of the two tranches of the EU’s financial assistance to the tune of EUR 500 million each, Ukraine must meet certain conditions that have been agreed upon by the parties in such areas as tax and customs policy, fighting corrupting, small-scale privatization, management of state-run enterprises, corporate management in state-owned banks and banking supervision, and further reforms in power industry, health care, and social care.
As was earlier reported, the Verkhovna Rada ratified the memorandum on November 8, 2018.
The agreements were signed in Kyiv on September 14, 2018, following President Poroshenko’s earlier agreements with leaders of EU institutions as a result of the East Partnership Summit that took place in Brussels on November 23, 2017, and the 20th Ukraine-the EU summit that was held in Kyiv on July 9, 2018.
LAW, MACROFINANCIAL ASSISTANCE, MEMORANDUM, POROSHENKO, RATIFICATION, UKRAINE-EU
