16:43 10.10.2016

Ukraine needs to lift ban on timber export, ensure IDP welfare to get 2nd tranche of EU macro-financial aid

1 min read
Ukraine needs to lift ban on timber export, ensure IDP welfare to get 2nd tranche of EU macro-financial aid

Ukraine needs to lift the ban on export of timber and settle the issue of social payments to internally displaced persons in order to get the next tranche of macro-financial assistance to the tune of EUR 600 million from the EU, new head of the EU Delegation to Ukraine, Ambassador Hugues Mingarelli has said.

The EU has already issued the first tranche worth EUR 600 million to Ukraine and expects Kyiv to comply with two remaining conditions for the provision of the second EUR 600 million tranche, Mingarelli said at his first press conference in Kyiv on Monday.

To get this tranche Ukraine needs to meet two conditions - lift the ban on timber exports and make all the necessary social payments to internally displaced persons, the ambassador said.

According to Mingarelli, EU representatives are currently discussing these matters with the Ukrainian authorities.

The EU ambassador expressed the hope that this tranche will be provided to Ukraine soon, but said he cannot yet name a specific time frame.

Mingarelli was appointed head of the EU Delegation in Ukraine on July 21, 2016.

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