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Ukraine seeks at least 1 billion euros in new aid from EU

Staff Writer | March 8, 2018
Ukraine is looking forward to receiving at least one billion euro (1.24 billion U.S. dollars) from the European Union (EU) under the new macro-financial assistance program, Ukrainian Finance Minister Oleksandr Danylyuk said.
Oleksandr Danylyuk
Help   The program has been preliminarily approved
"The program of one billion euros has been preliminarily approved, but we will continue consultations with the European Commission in order to find a way to increase this sum," Danylyuk said in an interview with the RBC-Ukraine online media outlet.

According to the minister, the final sum targeted by Kiev under the program is 1.8 billion euro ($2.24 billion).

Under the previous cooperation program, which was approved in July 2015, Ukraine received 1.2 billion euro ($1.49 billion) in two tranches from the EU.

The disbursement of the third tranche was delayed as Ukraine has not fully adopted several reforms, which were agreed with the EU within the program.