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Macro-financial assistance for Ukraine

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5ca2c6de38d51631On 19 March, the Commission will formally propose an additional €1 billion of macro-financial assistance for Ukraine, as announced by President Barroso in the European Parliament on 12 March (see SPEECH/14/212). This will bring total macro-financial assistance to Ukraine to €1.6bn to help the country tackle its financial difficulties. The assistance will support important economic reforms in Ukraine and will be subject to an agreement with the IMF.

Background

To help Ukraine to stabilise the political situation it is essential to create the conditions for economic stabilisation. On 5 March 2014, the European Commission therefore presented its firm contribution to a European and international effort to support Ukraine in its economic and political reforms. This contribution included a package of concrete measures to help Ukraine economically and financially (see IP/14/219).

Vice-President Rehn will present the proposal on macro-financial assistance to Ukraine on Wednesday 19 March at 12h in the Berlaymont press room. The statement will be webstreamed live on EbS.

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