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
In a statement, the court acknowledged that Hamas contests its inclusion on the list, maintained since it was created in 2001.
“We’ve never seen so many journalists held captive — for ransom or other reasons — by nonstate actors,” Robert Mahoney said.
The raids and arrests "are incompatible with the freedom of media, which is a core principle of democracy," a statement said.
“We are going beyond the banalities taught to us for 200 years. We are finally asking the right questions,” the president said.
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.