Date: 8 months ago   Category: Finance

Ukraine and the EU have signed the agreement on allocation to Kiev with €1 billion macrofinancial aid — Rambler News Service


Photo: globallookpress.com Ukraine and the EU have signed the agreement on allocation to Kiev with €1 billion macrofinancial aid (MFP), the press service of the Ukrainian president Petro Poroshenko has reported. "The president of Ukraine has participated in a ceremony of signing of the memorandum of understanding and credit agreement between Ukraine and the European Union concerning the fourth program of macrofinancial aid to Ukraine of 1 billion euros" — it is said in the statement. On July 9 the decision of the EU Council on allocation to Ukraine specified the help has come into force. Funds will be allocated to Kiev within 2,5 years. In 2014 and 2015 Ukraine within the first and second package of MFP has received €1,6 billion from the European Union. In April, 2015, the UNIAN notes, have allocated to Kiev €1,8 billion more, however the country hasn't received €600 million as it has satisfied not all necessary conditions.

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