07:58 GMT +319 November 2019
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    Ukraine's President, Petro Poroshenko

    Poroshenko Hopes EU to Adopt ‘Marshall Plan’ on Extra Financial Aid to Ukraine

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    Ukraine’s President Petro Poroshenko said Friday he hoped for more financial assistance from Europe under a long-term plan proposed by the region’s largest European People's Party (EPP).

    KIEV (Sputnik) — The pan-European EPP passed an emergency resolution at this week’s Malta congress, where it urged EU countries to develop a long-term plan for supporting Ukraine financially, militarily and politically.

    "Good news from Malta," Poroshenko wrote on his Facebook. "My thanks to the EPP family for approving a Lithuania-initiated resolution on developing a long-term support plan for Ukraine, the so-called Marshall Plan for Ukraine."

    The plan, referencing a US initiative to help rebuild Western Europe after World War Two, is aimed at boosting Ukraine’s financial recovery by pouring more money into its economy, on top of billions of dollars in International Monetary Fund (IMF) loans granted to it since early 2015.

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    European Union, Marshall Plan, financial aid, Ukraine
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