High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell during a joint briefing with Foreign Minister Dmytro Kuleba has said that the EU is ready to provide Ukraine with a EUR 1.2 billion loan. However, at the same time, he named a condition that Ukraine obliged to fulfill.
Josep Borrell recalled unprecedented EU support in fight the pandemic provided to Ukraine.
“This is almost EUR 200 million of assistance. And this is the largest assistance that was provided to our eastern partners. We are also ready to provide EUR 1.2 billion in macro-financial assistance to help solve the problems associated with the economic downturn caused by the coronavirus pandemic,” a high EU official said.
In order to receive funds, Ukraine needs to constructively interact with the International Monetary Fund and also fulfill all those requirements that relate to strengthening the rule of law in Ukraine.