15393
No Extra Aid for Ukraine
World Economy

No Extra Aid for Ukraine

The European Union will provide no extra financial support to Ukraine on top of €1.8b ($1.96b) in loans already pledged for this year, a source in the EU’s foreign policy service said, Tass reported. “The union has no extra budget funds on top of €1.8b in aid which has already been allocated to Ukraine for this year,” the source said, adding that the 28-nation bloc hoped to sign in May a memorandum of understanding with Ukraine’s authorities to transfer the money. The document outlines the terms and conditions Kiev needs to fulfill to get the EU’s third package of loans, scheduled to be disbursed in three tranches. The first tranche of €600m could be disbursed in late June or early July.

Short URL : http://goo.gl/m2f7Ce

You can also read ...

Report says China’s economic development must rely on integration between innovation and industrial production,  and work must be done to ensure that innovation progress was passed on to production.
China's new economy will account for an estimated 12% of the...
The process of building a new government could take weeks, so markets may well move on from the result quickly.
Politics dominated trading on Monday, with the euro sliding as...
World countries are casting a shadow on the future of the global economic system.
Next month, when finance ministers and central bank governors...
The economy’s return to growth has eased pressure  on the authorities.
Now that Nigeria’s economy is recovering from its worst slump...
One mining services company said it laid off more than 50 employees.
New laws and a crackdown on mining firms in Tanzania has...
EU Seeks Protection for Uber-Style Jobs
The European Commission said on Monday it wants more social...
US to See Slower Growth
The pace of US economic growth will stay stuck in the low 2%...
The Housing Pulse rose again, as the shortage of supply and increasing demand for properties continues to bite.
Bank of Ireland’s monthly Economic Pulse report, which...

Trending

Googleplus