Putin awards Valtteri Bottas with Russian F1 GP TrophySport April 30, 18:02
FIA Formula One 2017 Russian Grand Prix boosts off in SochiSport April 30, 15:23
Merkel to pay first visit to Russia in two years for talks with PutinWorld April 30, 14:40
Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
BRUSSELS, June 20. /ITAR-TASS/. The EU will augment a €1.6 billion bailout, which it has promised to provide Ukraine together with the International Monetary Fund, with a €445 million loan to balance its budget, as follows from a road map of Ukraine and EU association agreement released by EU Commissioner Stefan Fule on Friday.
The new loan will be split into an €80 million tranche and a €365 million loan aimed at financing state reforms, which will also be split into two tranches.
The EU has already disbursed €500 million and €100 million tranches of the €1.6 billion macro financial aid program. The total volume of EU’s 2-year financial aid to Ukraine amounts to €11 billion.
In the road map, the EU also suggested decreasing Ukraine’s dependence on a single gas supplier, Russia, by renewing gas agreements with Poland and Hungary and signing a reverse gas supply contract with Slovakia. It also suggested economic sanctions against Crimea which in March voted for joining Russia.
The road map envisages creating a joint working group to make gas transit to Europe safe, breaking state-owned energy firm Naftogas of Ukraine’s monopoly and raising gas prices - one of the conditions set by the IMF - with a simultaneous aid to poor families.