The European Union has outlined reforms in Ukraine as a major condition for the provision of financial assistance to the country, EU Commissioner for Enlargement and European Neighborhood Policy Stefan Fule has said.

"With regard to financial assistance, there are conditions. These conditions are the following: reforms, reforms, reforms," he said at a press conference in Kyiv on Thursday.

When asked whether financial assistance will be linked with the future signing of the EU-Ukraine Association Agreement, Fule said: "Financial assistance is linked with reforms, not with the Association Agreement."

He also added that the creation of a free trade area between Ukraine and the EU would create an additional platform for reforms in Ukraine.

As for the new Ukrainian government, Fule said that the EU was ready to support a "new inclusive Cabinet of Ministers," which will carry out the necessary reforms in the country.

"We want this financial assistance to be made possible either in the form of grants or in the form of a loan to boost the development of the country and strengthen its sovereignty," he said.