The European Union could pay the first EUR 600 million to Ukraine in mid-2015, another EUR 600 million at the end of the year, and another EUR 600 million- at the beginning of next year.
The memorandum underlines significant economic and structural political reforms in six fields: state finance, management and transparency, business environment, energy industry, social security, and finance sector. The aim of these political reforms is to achieve progress with regard to the main short-term priorities of Ukraine, as stipulated in the EU-Ukrainian association program that was approved by the EU-Ukraine Association Council on March 16. They also focus on Ukraine's current reform commitments the country has assumed by signing the loan program with international creditors – International Monetary Fund and World Bank.
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