The European Commissioner on enlargement and neighbourhood policy Johannes Hahn at an informal meeting of foreign Ministers of 28 countries of the European Union, which took place on the last working day of the week in Luxembourg, said that the provision of EU financial assistance to Ukraine depends on the implementation of its reforms.
"of course, we need to assess the situation in Ukraine. The Ukrainian government is doing a lot, but still need further reform. We are ready to help, provide money, but this is caused by certain conditions, " said Khan.
He said that the European Commission is Now working closely with the Ukrainian authorities on the problem of providing the country a new package of financial support, reports the news Agency." We currently have a very close interaction, and I'm quite optimistic about the usefulness of the application has already allocated the money, " said the Commissioner. Remember, on the last working day of the week it was Also announced that the debt of Ukraine will aluminates on the sidelines of the meeting "G20 financial" which will be held in Ankara. On Thursday, the Minister of Finance of Ukraine Natalie Jaresko has signed with a member of the Board of the German state Bank KfW agreement, under which Kiev will be granted a loan of EUR 200 million for compensation payments to depositors of bankrupt credit institutions. On Wednesday the Verkhovna Rada ratified the Treaty with Japan on loan for 900 million dollars to upgrade Bortnychi wastewater treatment in Kiev. The Minister of Finance of Ukraine Natalie Jaresko said that credit and financial assistance in the amount of $ 40 billion, which the Western countries promised to provide Ukraine, will be sufficient to stabilize its economy, but not enough to return the country to real growth. Jaresko Also urged the West to provide Ukraine with additional financial assistance except for a package of 40 billion dollars, because the country is bankrupt will cost more. Prime Minister of Ukraine Arseniy Yatsenyuk claimed that the country was unable to maintain even existing debts (not to mention the accumulation of new). Anyway to reduce, for example, Kiev military spending is not going to begin heating season without crediting will not have the opportunity. Ukraine has agreed with creditors to write off 3, $ 6 billion bond debt totaling approximately $ 18 billion. Against this background, the international rating Agency Fitch downgraded the long-term chart Issuer default ratings of Ukraine to the level of " default inevitable." While Kiev has asked the Russian Federation " to accept the rules of writing off other creditors ". Also, the Ukrainian side said that the Russian Federation in case of disagreement with the terms of the debt restructuring of Ukraine may enter into individual dialogues. However, the Minister of Finance Anton Siluanov said that Moscow will not do it. The head of the Ministry of Finance Also said that the $ 3 billion that Russia received from Ukraine, is expected to be spent on development of infrastructure. Kiev Also promised that the international creditors of Ukraine will receive additional payments from Kiev, if by 2020 the economy will grow more than the IMF predicts. The US has urged lenders to begin without delay to perform the steps for restructuring the debts of Ukraine. However, experts believe that the Ukrainian economy has not yet reached the bottom, and the Treaty of Kiev with creditors on debt restructuring was perceived by investors as, in fact, the respect of Ukraine's insolvency.