You're reading: Poroshenko says EU to transfer 600 million euro to Ukraine in April

During his visit in Malta Ukraine’s President Petro Poroshenko announced that the European Union is going to transfer 600 million euro macro-financial aid to Ukraine in the beginning of April.

“Following a meeting with Jean-Claude Juncker [the President of the European Commission] and the European commissioners, I am very pleased to inform you that next week, from April 3 to April 7, Ukraine is likely to receive a 600 million euro tranche of macro-financial assistance,” Poroshenko said.

He also assured that on April 3 the Executive Board of the International Monetary Fund (IMF) will make the decision on granting Ukraine a tranche of $1 billion.

“This will significantly strengthen the country’s forex reserves and the budget stability of the state,” Poroshenko said.