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EU to grant new loan to Ukraine

EU to grant new loan to Ukraine

Brussels, Feb 2 (Prensa Latina) The European Commission (EC) decided to provide Ukraine with a macro-financial assistance package worth 1.2 billion euros.
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According to EC President Ursula von der Leyen, the funds are intended to help Kiev face the financial needs in the context of the conflict in Eastern Ukraine.

The assistance will be delivered in two installments, and will be used for the acquisition of the first 600 million euros, the EC decision must be approved by the European Parliament and the Council of the European Union (EU).

According to the information, Ukraine will receive these funds in the form of soft loans and the EU expects to obtain specific proposals on what the goods will be used for.

The second installment will be made at a later date, following an assessment of the effectiveness of the use of the capital by Ukrainian authorities. According to EC Vice-President Valdis Dombrovskis, the macro-financial support will be a signal to investors leaving the country that the EU maintains its support for Ukraine.

“Investors have nothing to fear, they should be safe and reassured,” Dombrovskis emphasized.

Tensions in Ukraine are due to an escalation in the east of its borders, which it attributes to Russia.

For its part, Moscow rejects these suspicions and accuses the North Atlantic Treaty Organization (NATO) of increasing military activity near its borders, seeing it as a threat to its national security.

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