Ukrainian parliament approves memorandum on financial assistance from EU

11:22, 04.03.2014 1 min read

The Ukrainian parliament at a meeting on Tuesday ratified a memorandum on the provision by the European Union of EUR 610 million in macro-economic assistance to Ukraine.

A total of 280 lawmakers voted for this decision on Tuesday.

According to earlier reports, Ukraine and the European Union signed an agreement on the provision to Ukraine of macro-economic assistance in an amount of EUR 610 million on February 25, 2013.

The memorandum of mutual understanding envisions the provision of tranches in the amounts of EUR 100 million, EUR 10 million, EUR 250 million, and EUR 250 million.

In accordance with the document, the first tranche will be provided after the memorandum and the loan agreement take effect and after the European Commission decides that the agreements reached with the IMF are being implemented in a satisfactory manner.