BRUSSELS (Reuters) – International donors are planning a conference in Kiev in April to raise at least $15 billion to help save Ukraine from bankruptcy and rebuild the country, a senior EU official said on Monday.
Already under an International Monetary Fund programme, Ukraine is seeking an increase in foreign aid to plug an estimated $15 billion funding gap as fighting in the east of the country saps its treasury.
BRUSSELS (Reuters) – European Union foreign ministers lined up behind a Franco-German effort to end the Ukraine war on Monday but some said the EU must maintain sanctions on Russia until the situation in eastern Ukraine improved.
The leaders of Russia, Ukraine, Germany and France have agreed to meet in Belarus on Wednesday to try to broker a peace deal for Ukraine amid escalating violence there.
BRUSSELS/KIEV (Reuters) – European Union foreign ministers extended existing sanctions against Russia on Thursday, holding off on tighter economic measures for now but winning the support of the new left-leaning government of Greece, whose position had been in doubt.
The ministers agreed to extend until September travel bans and asset freezes imposed last year that had been due to expire. They also agreed to list new names that could be targeted with sanctions when they meet again on Feb. 9.
BRUSSELS/KIEV, Jan 29 (Reuters) – European Union foreign
ministers agreed on Thursday to extend existing sanctions
against Russia by six months but were still debating whether to
impose new measures, with the new government in Greece sowing
uncertainty that exasperated its allies.
The worst fighting for five months raged on in eastern
Ukraine, with pro-Russian rebels who have disavowed a ceasefire
pressing to encircle a government-held garrison town.
BRUSSELS, Jan 27 (Reuters) – EU finance ministers agreed on
Tuesday to loan Ukraine 1.8 billion euros ($2.0 billion) to help
save it from bankruptcy, leaving open the option of increasing
aid at a later stage.
Diplomats at the meeting in Brussels said several European
governments including Britain pushed for as much as 2.6 billion
euros in medium-term loans for this year and 2016.
BRUSSELS, Jan 26 (Reuters) – Europe showed a willingness on
Monday to give Athens more time to pay its debts, but little
sign that it would yield to a new Greek government’s demands for
European Union leaders and policymakers responded to Greek
anti-bailout party Syriza’s election victory on Sunday with
warnings that a debt reduction for Greece would be against euro
zone rules and would send the wrong message to other members of
the single currency.
BRUSSELS, Jan 23 (Reuters) – Greece will have to ask for a
new extension to its euro zone bailout programme before 1.8
billion euros in pending aid can be paid, a senior euro zone
official said on Friday, stressing that a new government must
first be in place to do so.
Greece’s programme with the euro zone expires on Feb. 28.
Although the International Monetary Fund will continue to back
Athens, the country needs to be under an European accord to
receive the final euro zone loans and to be eligible for support
from the European Central Bank.