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EU to give no extra financial aid to Ukraine on top of promised €1.8 billion — source

April 24, 2015, 13:04 UTC+3
The first tranche of €600 million could already be disbursed in late June or early July
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An EU flag seen in Kiev

An EU flag seen in Kiev

© ITAR-TASS/stanislav Krasilnikov

BRUSSELS, April 24. /TASS/. The European Union will provide no extra financial support to Ukraine on top of €1.8 billion in loans already pledged for this year, a source in the EU’s foreign policy service said on Friday.

"The union has no extra budget funds on top of €1.8 billion in aid which has already been allocated to Ukraine for this year," the source said, adding that the 28-nation bloc hoped to sign in May a memorandum of understanding with Ukraine’s authorities to transfer the money.

The document outlines the terms and conditions Kiev needs to fulfil to get the EU’s third package of loans, scheduled to be disbursed in three tranches.

The source also said the first tranche of €600 million could already be disbursed in late June or early July.

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