EU considering extra financial assistance for Ukraine

EU considering extra financial assistance for Ukraine

PanARMENIAN.Net - European Commission President Jose Manuel Barroso said the 28-nation bloc is looking into providing additional financial assistance for crisis-ridden Ukraine but won't start a bidding war with Russia to buy Kyiv's allegiance, the Associated Press reports.

Barroso said Monday, Feb 3, Ukraine is facing "very huge challenges" and the EU and its international partners are discussing what more can be done to help, provided Kiev will commit to reforming its economy in return.

Barroso says the EU's offer of a wide-ranging free trade deal remains on the table and its readiness to provide further assistance wasn't about entering a "bidding competition of who pays more for a signature from Ukraine."

Ukrainian President Viktor Yanukovych's rejected the EU deal in November and accepted a $15 billion loan package from Russia instead, which triggered massive ongoing anti-government protests.

Related links:
 Top stories
Tsarnaev is likely to be moved to a federal prison in Terre Haute, Indiana, to await execution, but there could be years of appeals.
The measures are also expected to introduce banning orders for extremist organizations who use hate speech in public places.
The U.S. State Department offered up to $7mln for information on Qaduli whom it described as a senior IS official.
So far 18 people have also been confirmed dead in an avalanche that swept through the Mount Everest base camp.
Partner news