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EU to Sign MoU with Ukraine on EUR 1.8 B Aid Tranche on Friday
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Valdis Dombrovskis, European Commission Vice-President in charge of the Euro and Social Dialogue. File photo EPA/BGNES.
European Commission Vice-President Valdis Dombrovskis will sign a memorandum of understanding (MoU) on the third package of EU macreconomic assistance of EUR 1.8 B to Ukraine in Latvia’s capital Riga on Friday.
The latest package of aid follows two similar programmes of a combined EUR 1.6 B disbursed between May 2014 and April 2015. Together the three tranches of aid to Ukraine amount to EUR 3.4 B - the largest financial assistance package to a non-EU country in such a short period of time, the European Commission said on Tuesday.
The signing of the MoU with Ukraine will coincide with the second and final day of the Fourth Eastern Partnership summit in Riga which will bring together top EU officials and leaders of the member States and those of Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.
“We want to demonstrate our strong engagement and firm determination to pursue closer and tailor-made ties with our six partners,” European Commissioner for Neighbourhood Policy and Enlargement Negotiations Johannes Hahn wrote on theparliamentmagazine.eu on Tuesday.
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