Ukraine needs to comply with seven requirements in order to receive the third, 600 million euro tranche of the European Union’s aid, in particular, it should lift the embargo on timber export, Valdis Dombrovskis, the European Commission’s Vice President for the Euro and Social Dialogue, said.
All the requirements must be met by October, he said. The assessment is due in November; the payment, in December.
Only seven requirements remain, some of which are now work in progress, for example the electronic asset-declaration system that needs efficient monitoring and verification, Dombrovskis told a press conference in Kyiv on July 13.
In particular, the introduction of registers of company owners, which would make known the end beneficiary, and the requirement not to conduct trade and not to introduce prohibitive measures inconsistent with the existing Free Trade Area agreement with the EU.
Also, some of the requirements for the second tranche remain in place and compulsory, including the lifting of a moratorium on the export of unprocessed timber. Of the 21 requirements 14 have already been met, Dombrovskis said.
The security cooperation with Ukraine will be continued, he also said. This includes looking for a peaceful solution to the conflict in eastern Ukraine, which would respect the sovereignty and territorial integrity of Ukraine, the EU commissioner said.
