Yatseniuk: EU financial aid to Ukraine to reach $15 billion (UPDATED)

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March 7, 2014, 12:27 p.m. | Ukraine | Politics — by Interfax-Ukraine

Ukrainian Prime Minister Arseniy Yatseniuk


The Interfax-Ukraine News Agency – a company belonging to the Interfax Information Services international group – has been an information provider in the political and economic information market of Ukraine since 1992.

Ukrainian Prime Minister Arseniy Yatseniuk has said that the total amount of the EU's macro-financial assistance to Ukraine will reach $15 billion. 

"In this package the total amount of financial and economic assistance is $15 billion," he said at a press conference in Kyiv on Friday.

He said that in the near future Ukraine would receive macro-financial assistance of $2 billion.

"This is EUR 1.6 billion, or $2 billion. This is the macro-financial assistance that will help conduct reforms in Ukraine and stabilize the economic situation," he said.

When asked to comment on Ukraine's obligations under this financial aid, Yatseniuk said: "As for macro-financial assistance from the member states of the European Union, in fact, the amount of $2 billion is non-repayable grant assistance."

When asked about Ukraine's commitments on further tranches, he said: "Let's first take two billion [dollars] and then the rest. There's no need to hurry."

Yatseniuk said that a separate clause in the financial aid package was "significant investment in the Ukrainian economy."

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