Representatives of Ukraine and the European Union have signed six financial agreements totalling almost EUR 400 million on the sidelines of the EU-Ukraine Summit in Brussels.
The signing ceremony has just taken place in Brussels, an Ukrinform correspondent reports.
The first document – the agreement between the Government of Ukraine and the European Commission on financing the project “Strong Regions” – provides for a total EU’s contribution of EUR 30 million.
The purpose of the agreement is to increase Ukraine's resilience amid hybrid threats and other destabilizing factors, such as the COVID-19 pandemic. The EU will provide targeted support to the regions of Ukraine in combating the coronavirus pandemic, contribute to the safety of people affected by the conflict in Donbas and the illegal annexation of Crimea, and support freedom of speech and independent media in Ukraine.
In addition, the agreement between the Government of Ukraine and the European Commission on financing the project “Civil Society Development in Ukraine” to the tune of EUR 20 million was signed.
This document will be aimed at strengthening civil society institutions in Ukraine and their ability to influence the country's reform and development processes, protect human rights, including combating gender and domestic violence.
The third document is the agreement between the Government of Ukraine and the European Commission on financing the project “Climate Package for Stable Economy:(CASE)in Ukraine” with a budget of EUR 10 million.
The agreement provides for the development and implementation of policies towards transiting to climate-neutral energy supply, improving energy efficiency, combating climate change by reducing greenhouse gas emissions and transiting to the so-called circular economy with the active use of secondary resources.
The three above-mentioned documents were signed by Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration Olha Stefanishyna and EU Commissioner for Neighbourhood Policy And Enlargement Negotiations Olivér Várhelyi.
The fourth document, the agreement between the Government of Ukraine and the European Investment Bank(EIB)on financing the project "Energy Efficiency of Public Buildings in Ukraine" aims to carry out thermos-modernization of public buildings in Ukraine. The project’s budget is EUR 300 million.
The agreement was signed by Minister of Communities and Territories Development of Ukraine Oleksiy Chernyshov and EIB Vice-President Teresa Czerwińska.
Two more financial documents provide for cooperation between the Government of Ukraine and the EIB in the development and digital transformation of JSC Ukrposhta(Ukrainian Postal Service).
In particular, the Guarantee Agreement between the Government of Ukraine and the European Investment Bank(EIB)"Logistics Network(Modernization and Digitization of Ukrposhta)" will allow the company to purchase modern sorting equipment and implement an automated freight movement control system. For this purpose, the EIB provides €30 million loan with a grace period of 4 years and a loan repayment period of 20 years.
The agreement was signed by Minister of Infrastructure of Ukraine Vladyslav Kryklii and EIB Vice-President Lilyana Pavlova.
The sixth document – the agreement between Ukrposhta and the EIB "Logistics Network(Modernization and Digitization of Ukrposhta)" – defines the activities for the efficient use of EIB loans. In particular, Ukrposhta should modernize its logistics network by building three new sorting centers, 20 postal depots and the relevant IT infrastructure.
The document was signed by Director General of JSC Ukrposhta Ihor Smiliansky and EIB Vice-President Lilyana Pavlova.
As reported, the 22nd EU-Ukraine Summit is held in Brussels on October 6.
Photo credit: European Union