European Commission's support to Ukraine
This document sets out the main concrete measures that the Commission is proposing for the short and medium term to help stabilise the economic and financial situation in Ukraine, assist with the transition, encourage political and economic reforms and support inclusive development for the benefit of all Ukrainians. These measures combined could bring overall support of at least €11 billion over the coming years from the EU budget and EU based international financial institutions (IFIs) in addition to the significant funding being provided by the IMF and World Bank.
All these measures should be seen as the Commission's contribution to a European and international effort at providing a sustainable way out of Ukraine's difficult economic situation and to support its economic and political transition. The action of Member States in complementing and reinforcing what the Commission can mobilise on its own is crucial. The participation of partner countries as well as of the international financial institutions, notably the IMF, the EIB, the EBRD and the World Bank, is essential to leverage what we can all offer, increase the visibility of our collective action and improve its impact. All elements and instruments need to be pulled together to ensure an effective and coherent European Union and international response.
Part of the EU's effort is to support Ukraine on its path towards political and economic reform, including those set out in the Association Agreement /Deep and Comprehensive Free Trade Area (AA/DCFTA), which we stand ready to sign. It is essential to raise public awareness in Ukraine as well as in third countries on the benefits and opportunities that such reforms can offer both for Ukraine and the region as a whole.
Key elements of the package:
http://europa.eu/rapid/press-release_MEMO-14-159_en.htm?locale=en