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Ashton: EU, US working on aid plan for Ukraine

February 03, 2014, 17:04 UTC+3 NEW-YORK
Ashton stressed that the EU and the United States could provide significant funding if Ukraine's authorities and opposition leaders managed to climb back from current confrontation
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High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton

High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton

© EPA/TOBIAS HASE

NEW-YORK, February 03. /ITAR-TASS/. The European Union and the United States are working on a plan for significant short-term financial assistance for Ukraine, EU Foreign Policy Chief Catherine Ashton was quoted on Monday as saying.

 Ashton said in an interview with The Wall Street Journal that “a Ukrainian plan” EU and U.S. diplomats were developing “looks at what do we need to do in different parts of the economy right now to make things better”.

She said the amount of the proposed aid package had not yet been decided but “the figures won't be small”. Unlike past EU aid promises, the package would not depend on Ukraine reaching an agreement with the International Monetary Fund, Ashton was quoted as saying.

However, she said the money was contingent upon the new Ukrainian government pursuing economic and political reforms.

Ashton stressed that the EU and the United States could provide significant funding if Ukraine's authorities and opposition leaders managed to climb back from current confrontation.

Ashton said there would be “different stages” of possible support, the first of which would deal with short-term needs. She added that it was for Ukraine's new government to identify exactly what it needed help with but that the eventual package might not only be money.

“It may be guarantees. It may be the prospect of investment. It may just simply be stability for the currency and so on,” she said.

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