// IP Marketing video - START// IP Marketing video - END

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 administration’s March budget proposal vowed to slash aid to developing countries by over one-third, but contained few details.
Total world military expenditure rose to $1686 billion in 2016, an increase of 0.4% in real terms from 2015, according to figures from SIPRI.
An estimated 325 million people are living with hepatitis B or C, with death tolls from the viruses rising, the UN said.
A Russian media report quotes Mikhail Bogdanov as saying that Israeli Ambassador Gary Koren "was asked about this" incident.
Partner news