Negotiations between Ukraine and the EU on a new tranche continue
Kiev needs a new macro-financial program to provide the country with sustainable financing in the coming years, said Yuriy Butsa.
The Ukrainian authorities have begun negotiations with the European Commission on the provision of financial assistance to Kiev in the amount of 1.2 billion euros. This was announced by the government plenipotentiary for the management of the state debt of Ukraine Yuriy Butsa, writes on Wednesday, December 1, Bloomberg.
“We have asked the European Commission for a long-term macro-financial program to ensure sustainable financing in the coming years,” the official quoted the publication.
As indicated, the volume of the new tranche will depend on how much money Ukraine will need, but we are talking about an amount of at least 1.2 billion euros.
At the same time, the terms of the likely agreement have not yet been disclosed.
Recall that at the end of October, the EC provided Ukraine with a tranche of macro-financial assistance in the amount of 600 million euros.
The Ministry of Finance said that the funds will be directed to finance budgetary needs and reduce the financial burden on the budget of Ukraine.