Executive Vice-President of the European Commission Valdis Dombrovskis says the decision to provide Ukraine with another financial assistance in the amount of EUR 1.2 billion will be signed on February 1. “We are stepping up our support for Ukraine both in the immediate and medium term. The European Commission is going to adopt a new emergency macro-financial assistance package of EUR 1.2 billion tomorrow,” he said at a joint briefing with Prime Minister Denis Shmyhal in Kyiv on Monday.
He said that in order for the European Commission to provide the first tranche of EUR 600 million in the near future, this decision must be passed through the European Parliament, after which a memorandum of understanding must be signed on the directions of financing these funds.
Dombrovskis said this support is related to the programs that Ukraine has with the IMF.
EUROPEAN COMMISSION, FINANCIAL ASSISTANCE, VICE-PRESIDENT
