You're reading: Arbuzov: Ukraine proposes EU develop ‘roadmap’ for association, estimates needed aid at 10 billion euros

Ukraine plans to sign a "roadmap" with the EU that would show the risks the country is facing, and that would evaluate the necessary amount of assistance that can be provided in the form of loans at about 10 billion euros, First Vice Prime Minister Serhiy Arbuzov has said.

In September I gave calculations: 3-5 billion euros would be enough –
this is the amount, which would make it possible to support us, to start
upgrading. Today the crisis has deepened, it is necessary to do new
calculations and get a certain sum, but it is not 160 billion euros, it
could be 10 billion euros. And we asked for credit lines: when the time
comes, we will repay,” he told ICTV television.

According to him, the amount for Euro-integration of 160 billion euros
previously announced by the government was only a theoretical
calculation.

“We’re talking about redeveloping jobs over ten years. This is theory, pure theory,” the official said.

Arbuzov noted that mutual understanding with the EU regarding
necessary assistance to Ukraine to minimize risks associated with the
signing of the Association Agreement was achieved before the summit in
Vilnius.

“I’m not talking about the conditions of the association but about
the conditions we planned to resolve before signing and after signing.
Every time we were in Europe we found understanding, but we have not put
this on paper,” he said.