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European Commission approves 1bn-euro microfinancial assistance to Ukraine

The offer is likely to be sent to the Council of Europe next week.

European Commission approves 1bn-euro microfinancial assistance to Ukraine

The European Commission is ready to offer Ukraine 1bn euros in microfinancial assistance, according to Radio Free Europe/Radio Liberty Brussels report Rikard Jozwiak.

"The proposal is likely to be sent to Council & EP next week. if everything goes well, the 1st tranche can be paid out July-September," he tweeted.

According to European Commission Vice President Valdis Dombrovskis, EU member states and the European Parliament will discuss the offer after it arrives.

"Now the European Commission has approved in principle a new programme of microfinancial assistance to Ukraine but procedures continue. I think the European Commission can make an official offer next week. There will be an official offer which will be discussed with EU member states and the European Parliament," he told 112 Ukrayina TV.

Earlier today, Ukrainian Finance Minister Oleksandr Danylyuk said that the European Commission approved a new programme of microfinancial assistance to Ukraine.

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