Ukraine and the European Union have finalized negotiations on a Memorandum of Understanding for EUR 8.35 billion in macro-financial assistance under an EU loan program, with European Commissioner for Economy and Productivity Valdis Dombrovskis signing the document on Wednesday morning.
Dombrovskis announced this in an exclusive comment to Ukrinform, adding that the memorandum now requires signature and ratification by Ukraine.
"We have finalized our negotiations with Ukraine on the Memorandum of Understanding, underpinning our macro-financial assistance program as part of the Ukraine support loan," he said.
He noted that EU member states approved the document earlier this week, "so I signed it this morning."
According to Dombrovskis, the Ukrainian side must now sign the memorandum and ratify it in the Verkhovna Rada before the funds can be disbursed.
