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EU to send mission to conflict-hit Donbas to assess damage — PM

September 03, 2014, 16:04 UTC+3 KIEV
Yatsenyuk also said that international organizations were ready to grant $10.7 billion worth of loans to Ukraine before the end of 2014 to save it from bankruptcy
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© ITAR-TASS

KIEV, September 03. /ITAR-TASS/. The European Union will send a special mission to Ukraine’s conflict-stricken Donbas region to assess the war-inflicted economic damage, which is “calculated in billions,” Ukrainian Prime Minister Arseniy Yatsenyuk told a government meeting on Wednesday.

“We put the damage at 8 billion hryvnias ($ 610 million) two months ago. It’s the right time to change hryvnias into dollars now. The damage is being estimated in billions,” the prime minister said.

The European Union is now sending a mission to east Ukraine to assess the situation. Yatsenyuk said that Ukraine would host a huge conference of donor states this autumn to allocate funds for the restoration of the Donbas economy.

Yatsenyuk also said that international organizations were ready to grant $10.7 billion worth of loans to Ukraine before the end of 2014 to save it from bankruptcy.

“Ukraine will receive $10.7 billion until year’s end of which $9.2 billion will be spent to pay off debts to avoid bankruptcy,” the Ukrainian prime minister said, adding the hryvnia rate would have been cosmic if it had not been for foreign credits

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