EU ambassadors agree sanctions against Russia over Siemens turbines rowBusiness & Economy July 26, 15:11
London court binds Ukraine to pay par value of Eurobonds to RussiaBusiness & Economy July 26, 15:05
Siberian scientists suggest using fluorescent proteins to analyze toxicityScience & Space July 26, 14:56
A glimpse of rare species in Moscow zoo breeding centerSociety & Culture July 26, 14:53
EC announces readiness to defend European interests against US sanctionsBusiness & Economy July 26, 14:24
Official says it's up to Turkey as NATO member to decide on purchase of Russian S-400World July 26, 14:09
Russian Navy gets 60 Kalibr missiles over three monthsMilitary & Defense July 26, 13:57
Russians fined about $1mln this year for smoking ban violationsSociety & Culture July 26, 13:57
Kiev court orders security service to launch probe against Poroshenko for high treasonWorld July 26, 13:54
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.