You're reading: The Financial: Ukraine – EU endorses agreement on a further 1 billion euro in loans

Ukraine-European Union Relations

The Financial: Ukraine – EU endorses agreement on a further 1 billion euro in loans

By The Financial.

Published May 31, 2018 at 1:00 pm

This photo, released by the Ukrainian president press office on July 12, 2017, shows European and Ukrainian flags.

Photo by president.gov.ua

On 29 May, the EU made a decision on a new package of macro-financial assistance for Ukraine. A further €1 billion in loans will cover Ukraine’s financing needs over a period of two and a half years.

The loans will support economic stabilization and a programme of structural reforms, supplementing resources provided by the International Monetary Fund and other donors, according to EU.