EU assistance to Ukraine a signal to investors that there's nothing to fear - Dombrovskis

European Commission Executive Vice-President Valdis Dombrovskis said this after a meeting with Ukrainian Prime Minister Denys Shmyhal in Kyiv on Monday, January 31, according to an Ukrinform correspondent.

Dombrovskis said that the EU would be stepping up its support for Ukraine, both in the immediate and medium term.

"The European Commission is going to adopt a new emergency macro-financial assistance package of EUR 1.2 billion tomorrow. […] One of the reasons why we are moving so swiftly with the macro-financial program is not only to provide financial assistance [to Ukraine] but also to reassure investors that the EU will continue to support Ukraine. We clearly see that the situation with this massive Russian military build-up on Ukraine's border […] is also undermining the confidence of investors. There's a complicated situation on financial markets. That's why the purpose of this macro-financial program is also to give a reassuring signal to investors of continued EU support," Dombrovskis said.

European Commission President Ursula von der Leyen announced on January 24 that the European Commission will provide Ukraine with a new package of financial assistance of EUR 1.2 billion.

During his visit to Kyiv, EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said that the European Union plans to provide Ukraine with the first tranche of macro-financial assistance as soon as possible.

Photo credit: Government portal

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