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
“The brutal secret police of authoritarian states have been empowered with sweeping surveillance capabilities,” Edin Omanovic said.
The exclusion orders would last for up to two years at a time and could be renewed. Breaches could lead to prison.
Correspondents from Zaman and Cihan were stopped in front of the Ministry of Foreign Affairs building by ministry personnel.
“I don’t believe there is a military solution. But that is not the only tool available to us,” he said at the Lord Mayor’s banquet.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.