BRUSSELS - The EU and the Government of Ukraine agreed to continue to work together towards Ukraine's political association and economic integration with the EU.
“The Association Council welcomed the provisional application of the relevant parts of the EU-Ukraine Association Agreement as of 1 November 2014 and highlighted the importance of swift ratification of the Association Agreement by all EU Member States in accordance with their national procedures,” reads a joint press release following the first Association Council meeting between the European Union and Ukraine with the participation of Ukrainian Premier Arseniy Yatseniuk, EU High Representative for Foreign Affairs and Security Policy Federica Mogherini and European Neighborhood Policy Commissioner, Johannes Hahn.
Besides, the parties acknowledged the importance of intensifying much needed political and economic reforms in Ukraine and the EU’s support package to support Ukraine in its efforts for launching this renewed reform process.
“The EU and Ukraine agreed on the importance of coordination of support and on the need for Ukraine to rapidly finalize a National Reform Strategy 2015 – 2017 in order to set out the priorities and to attract international support for reform and recovery,” the press release said.
The Association Council welcomed the financial support provided by the European Union of EUR 1.36 billion in the framework of macro-financial assistance programmes.
The Council acknowledged the EU’s readiness, in coordination with other donors and international financial institutions, to continue support for reforms as well as rebuilding of Ukraine’s economy.
