Baltic States – CIS, EU – Baltic States, Financial Services, Legislation, Ukraine

Through this program, the EU contributes to cover the urgent financing needs faced by Ukraine, while supporting the country's economic stabilization.

In addition, the EU's MFA package will assist the Ukrainian authorities in implementing important reforms in the areas of public finance management, governance and transparency, the energy sector, social safety nets, the business environment and the financial sector.

By supporting the Ukrainian government's reform agenda in those areas, the EU intends to help Ukraine lay the ground for a durable return to economic growth.

''Today's disbursement reflects the EU's unfailing determination to stand by Ukraine in these challenging times. Through this financial assistance, the EU is proud to support the courageous reform agenda pursued by the government. I am confident that the implementation of those ambitious reforms will help Ukraine exploit its many assets to the full, so as to foster strong and sustainable economic growth for the benefit of all Ukrainian citizens,'' European Commission Vice-President responsible for the Euro and Social Dialogue Valdis Dombrovskis said.

Meanwhile, European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said that ''the EUR 600 million in macro-financial assistance disbursed today adds to the EUR 1.6 billion already provided by the EU since the beginning of the crisis in Ukraine. In addition, the Commission envisages disbursing another EUR 1.2 billion in the coming months subject to successful implementation of the economic and structural reforms agreed between the EU and Ukraine''.