The European Union has announced the payment of $270m in aid loans to Ukraine, bringing the total to $1.7bn regarding its support of an economy battered by a war against pro-Russian rebels in the east. Tuesday’s transfer are aimed at spurring economic reforms as part of the so-called Association Agreement sealed last year, which was opposed by Russia and sparked the conflict. “Europe stands together with Ukraine during these difficult times, both politically and financially,” said Valdis Dombrovskis, the EU Commissioner for the Euro and Social Dialogue. Pierre Moscovici, the top EU economy official, said on Tuesday that the loans …read more
Source: Egylovers
