Ukraine's parliament approves financial help from EU

تم نشره في Tue 4 March / Mar 2014. 05:55 PM
  • Pro-Moscow and deposed Ukrainian president Viktor Yanukovych armed militants sits opposite to Crimea's parliament on March 1, 2014 (AA)

KIEV - Ukraine’s parliament has ratified a memorandum, on the provision of the European Union, for 610 million euros of financial assistance to Ukraine.

According to the memorandum, Ukraine will receive the funds in four installments; 228 lawmakers voted in favor of the decision.

The loan was agreed in February 2013 but was never ratified under the former president Viktor Yanukovich.

Russia’s President Vladimir Putin said on Tuesday that Russia did not see the need for military force in the Crimea region of Ukraine, for now. The use of force would be a last resort, Putin said, and sanctions being considered against Moscow by the West would be counter-productive.

Talking in a news conference, Putin said that there had been an "unconstitutional coup" in Ukraine, and that ousted former president Viktor Yanukovich was still the legitimate leader of the country, despite giving up all power.


After Putin’s remarks, oil prices dropped, with brent crude down 1.6 percent to $109.40 a barrel. Experts say that the threat of supply disruption, due to Ukraine’s crisis, has decreased. (AA)