04:46 GMT +307 December 2019
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    Ukrainian Petro Poroshenko attends a panel discussion on the first day of the 53rd Munich Security Conference (MSC) at the Bayerischer Hof hotel in Munich, Germany, February 17, 2017

    Ukraine to Receive $645Mln EU Aid Soon After IMF Tranche - Poroshenko

    © AFP 2019 / THOMAS KIENZLE
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    The EU financial aid in the amount of 600 million euros ($645 million) will be pledged soon after the tranche of the International Monetary Fund (IMF), Ukrainian President Petro Poroshenko said Monday.

    KIEV (Sputnik) — On Thursday, the European Commission approved disbursement of 600 million euros of financial assistance to Ukraine.

    "Macro-Financial Assistance from the European Union will be allocated just after the IMF tranche," Poroshenko said, as quoted by the Ukraine's Unian news agency.

    On Sunday, the Ukrainian Finance Ministry said that the IMF executive board delayed the third review of its loan program to Ukraine due to the blockade of the war-torn Donbas region by Ukrainian activists, as well as the government's decision to suspend transport connections until a full ceasefire in east Ukraine.

    The IMF approved a four-year program of financial aid to Ukraine in March 2015, which stipulates provision of a $17.5-billion loan to revive the country's economy and implementation of economic reforms. Kiev had already received three tranches totaling $7.7 billion and expects to get $5.4 billion in 2017.

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    Tags:
    tranche, International Monetary Fund, Petro Poroshenko, Ukraine
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