European Commission endorses proposal for new macro-financial assistance for Ukraine worth €1 bln
The European Commission has formally adopted a proposal for a new macro-financial assistance for Ukraine worth up to €1 billion, Ukrinform reported, citing the press service of the European Commission on March 9.
Noted that today's proposal was submitted at the request of the Ukrainian leadership and direct discussions between European Commission President Jean-Claude Juncker and Ukraine's President Petro Poroshenko.
The new programme seeks to build on the progress made in supporting economic stabilisation and structural reforms under the three previous MFA operations.
The EU has so far pledged €12.8 billion to support the reform process in Ukraine, including €2.8 billion through three MFA programmes, since the onset of the crisis in 2014.