Juncker said that the EU will continue to grant aid to Ukraine by allotting EUR 1.8 billion in macro-financial assistance.
"This is European solidarity in action," Juncker said, hoping that Latvia will be of assistance in matters related to Russia.
The Foreign Ministry informed that the proposal to provide the said support program will be implemented in the course of 2015, and in early 2016. The European Commission announced in a press release today that the program is intended to assist Ukraine economically and financially with the critical challenges the country is facing, such as a weak balance of payments and fiscal situation.
The Commission says that it will be the third macro-financial assistance program for Ukraine since 2010. In the course of 2014 alone, the Commission disbursed EUR 1.36 billion in support of Ukraine under the existing programs. The disbursement of the final portion of EUR 250 million under these programs could be expected by the spring of 2015.
