Financial News and Economical Crisis

Government of Ukraine appealed to the European institutions of power with a request for financial assistance. , Told Deputy Prime Minister Grigory Nemyrya.

This is a standard tool provided Maahstrihskimi agreements. And there are precedents where part of this assistance was directed to the budget. Indeed, we are talking yet about the likelihood of such assistance. It can be from 200 to 600 million euros. But it would be premature now to say how on volumes, and other specific parameters of such assistance , - said Deputy Prime Minister.

According to him, now being consulted and it is possible that before the end of the year the European Commission decides to grant macro-financial assistance to Ukraine. This is a tool that is available to the EC. For this to happen, we need a decision of the European Council and the Council of Finance Ministers of the EU. But also, to ensure that this assistance has been implemented, the prerequisite is a continuation of cooperation between Ukraine and the IMF, - stressed G. Nemyrya.

necessity to obtain such assistance,Vice-Premier said that, for example, Eastern Europe, overcoming the effects of the crisis, based not only on the IMF assistance, but also the European Union. If you look at the size of the IMF program, in the case of Ukraine - it is 16.4 billion dollars, little Hungary has 15.6 billion dollars, and Romania - more than 17 billion dollars is only a means of the IMF! So, from this point view, if you look like Ukraine is hosting the crisis in relation to the funds received, our indicators are not bad enough , - summarized G. Nemyrya.

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