UKRAINE SEEKS 20 BILLION EUROS IN AID FROM EU

Ukraine wants 20 billion euros ($27.54 billion) in aid from the European Union in return for signing an agreement on trade and cooperation, Prime Minister Mykola Azarov said on Wednesday, Reuters reports.

In remarks at a cabinet meeting, as thousands protested in the capital Kiev following Ukraine’s decision to scrap plans to sign the agreement, Azarov urged the EU to understand the position of the country’s industry.

He said the 28-country bloc should join in mutually profitable projects in Ukraine, an ex-Soviet state of 46-million people reliant on Soviet-era steel and chemical production.

12.12.2013

Source: Reuters