Financial assistance from the EU will not go to social obligations and to refund previous debt.

Денежная помощь от ЕС пойдет не на социальные обязательства, а на возврат предыдущих долгов, - эксперт

Financial assistance from the EU will not go to social obligations, and the repayment of previous debt. About it on air of TV channel “112 Ukraine”, said economic expert Viktor Skarshevsky, commenting on the provision of loan to Ukraine.

“The first is the low-interest loans, but this loan repayment, Ukraine will have to repay the money that will receive from the EU, just as the 1 billion 200 million euros, which previously received. The second point is the money goes not to the national Bank, the money goes in the budget. The money will go not to social obligations, and the repayment of previous debt. The Ministry of Finance there is now a shortage of liquidity, and the 500 million euros will come straight out. Why 500 million euros? Because the money will be available immediately, but in two tranches,” said he.

“Again, is not an automatic payment. Ukraine still has not fulfilled two commitments from the previous programme. The first – still not cancelled and do not need to do – a moratorium on round timber. And the second point – not implemented automatic inspection system of e-declarations,” Skarshevsky added.”I’d like one more thing to say, because the discourse of a “give-give”, “where will the money”. Need a little contrary to look the other way – if the EU really wanted to help Ukraine to develop, we can give the opportunity to develop, for example, to cancel the 36 quotas for export of Ukrainian goods to Europe, not to build the Nord stream-2, and together with Ukraine in the consortium to participate in the modernization of the Ukrainian GTS,” he concluded.

Note, the Council of the European Union has approved the allocation of Ukraine 1 billion euros of macro-financial assistance.

We remind you that the European Commission supported the decision to provide Ukraine tranche in the amount of EUR 1 billion in March this year. Ukraine’s Finance Ministry called the decision “an important step to support reforms.”

In late may, the EU Council approved the allocation of Ukraine 1 billion euros. It was approved at the consular level.

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