According to EC President Ursula von der Leyen, the funds are intended to help Kyiv meet financial needs in the context of the conflict in eastern Ukraine.
The aid will be delivered in two tranches, and will be used for the acquisition of the first 600 million euros, the decision of the EC must be approved by the European Parliament and the Council of the European Union (EU).
According to the information, Ukraine will receive these funds in the form of subsidized loans and the EU hopes to obtain specific proposals on the use of the goods.
The second installment will be made at a later date, after an assessment of the efficiency of the use of capital by the Ukrainian authorities. According to EC Vice-President Valdis Dombrovskis, the macro-financial support will be a signal to investors leaving the country that the EU is maintaining its support for Ukraine.
“Investors have nothing to fear, they need to be safe and reassured,” Dombrovskis stressed.
Tensions in Ukraine are due to an escalation east of its borders, which it attributes to Russia.
For its part, Moscow rejects these suspicions and accuses the North Atlantic Treaty Organization (NATO) of increasing military activity near its borders, seeing it as a threat to its national security.