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EU offers €11 billion euro aid plan to Ukraine

March 05, 2014, 15:53 UTC+3 BRUSSELS
The package will include funds from the EU budget and loans from Europe-based international financial institutions, including the European Bank for Reconstruction and Development
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European Commission President Jose Manuel Barroso

European Commission President Jose Manuel Barroso

© EPA/JULIEN WARNAND

BRUSSELS, March 05. /ITAR-TASS/. The European Commission has promised Ukraine €11 billion in aid up to 2017 on the condition it agrees to sign an association and free trade agreement with the EU and meets all conditions of the IMF, European Commission President Jose Manuel Barroso said in Brussels, as he presented an urgently drafted European aid package for Ukraine on Wednesday.

The package will include funds from the EU budget and loans from Europe-based international financial institutions, including the European Bank for Reconstruction and Development, Barroso noted. He added that the EU will also support Ukraine’s energy sector. 

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