The adoption of laws to reform the energy sector in Ukraine will let European institutions provide Ukraine with EUR 600 million in macro-finance assistance, European Commission Vice-President for Energy Union Maros Sefcovic said at a meeting with Ukrainian Parliament Speaker Andriy Parubiy.

"I'd like to really thank for the words that inspire confidence in [the adoption of] two very important bills - on the National Commission for Energy, Housing and Utilities Services Regulation (NCER) and on the electricity market. I am very glad about your optimism that these bills will be taken in the coming weeks, because both the European institutions and the International Monetary Fund are waiting for their adoption," he said during a meeting with Parubiy in the Ukrainian parliament on Friday morning.

Once this has been done, "it will allow the European Union, and the European Commission to provide a tranche of EUR 600 million in macro-financial assistance," Sefcovic said.

He also expressed hope that the Verkhovna Rada's committees would cooperate in the development of solutions aimed at energy efficiency and reform of the energy sector.

According to him, the EC is ready "to provide technical and financial assistance so that the citizens of Ukraine could be able to take advantage of savings on bills for heat and electricity and improving the comfort of their homes."